08/05/2026
🚨 WAITING UNTIL 2027 TO BUY IN FLORIDA?
You could be waiting 5 years for a potential homestead tax benefit you may be able to start working toward today.
Florida Amendment 3, which will be on the November 2026 ballot, proposes increasing the homestead exemption for qualifying properties to:
➡️ $150,000 in 2027
➡️ $250,000 in 2028
But here's the part prospective buyers should pay attention to:
If you establish Florida residency on or after January 1, 2027, the proposed amendment would require you to maintain your Florida homestead exemption for four years before becoming eligible for the larger exemption in your fifth year.
So if buying a primary residence is already part of your 2026 plan, waiting until 2027 could change your timeline for accessing this potential benefit.
We're not saying “buy a house because of a tax exemption.”
We're saying don't make the decision to wait without looking at the numbers first. 👀
If you're on the fence about buying this year, send a DM and let's look at your options.
Amendment 3 is proposed and is subject to voter approval. This post is for educational purposes and is based on information published by the Pinellas County Property Appraiser.
Call me to start your search now! 727 851 5538
Tracy Earle Crowell Realtor Coldwell Banker https://g.co/kgs/kiBt34z