09/06/2026
Florida voters will decide on Amendment 3 (House Joint Resolution) The proposed constitutional amendment requires a 60% supermajority vote to pass. If approved, it takes effect on January 1, 2027.
Raises the homestead exemption on all non-school levies to $150,000 in 2027 and $250,000 in 2028, adjusted for inflation thereafter. The $25,000 school exemption is unchanged.
People who are not Florida residents on December 31, 2026 receive the existing exemption first, with the larger exemption beginning in their fifth year of homestead.
Lowers the annual assessment increase cap from 10% to 5% for non-homestead properties like rental units, commercial buildings, and second homes.
Information on current homestead. 🏠 https://floridarevenue.com/property/Pages/Taxpayers_Exemptions.aspx
