09/10/2026
🏡🗳️ Florida Property Taxes Could Be Changing — Here’s What Amendment 3 Would Do
Florida homeowners, investors, landlords and property owners have an important issue coming to the ballot this November.
Florida Realtors® has officially launched its “Vote Yes on 3” campaign in support of Amendment 3, a proposed constitutional amendment that would make significant changes to Florida’s property-tax system.
Whether you own a primary residence, rental property, second home or commercial property, it’s worth understanding exactly what is being proposed before Election Day.
🏠 What Would Amendment 3 Change?
If approved, the amendment would:
🔹 Increase the Homestead Exemption
For qualifying homesteaded properties, the exemption applicable to non-school property taxes would increase to:
➡️ $150,000 in 2027
➡️ $250,000 in 2028
Beginning in 2029, the exemption would be adjusted annually for inflation.
Importantly, this expanded exemption would apply to non-school property taxes, so the proposal would not reduce the homestead tax base used for school funding.
🏘️ Lower the Assessment Cap for Non-Homestead Properties
This is an important part of the proposal for Florida investors and owners of second homes.
The maximum annual increase in assessed value for non-homestead properties would decrease from 10% to 5%.
This could apply to properties such as:
✔️ Rental properties
✔️ Second homes
✔️ Commercial real estate
📋 The Amendment Includes Other Changes, Too
It would also establish restrictions on how counties and municipalities use property-tax revenue, require the Legislature to create a uniform process through which local governments could potentially increase the homestead exemption further, and allow special districts to provide additional property-tax relief with voter approval.
⚠️ What About New Florida Residents?
The proposal contains different treatment for certain people who are not Florida residents by the specified cutoff date. They would initially receive the existing homestead exemption when eligible and would become eligible for the expanded exemption beginning with their fifth year, subject to federal constitutional requirements.
🗳️ Florida Realtors® Supports Amendment 3
The Florida Realtors Board of Directors voted in August to support Amendment 3 and has now launched a statewide campaign explaining the proposal and advocating for its passage.
There has also been debate over the proposal. Public-safety organizations have raised concerns about the potential effect of reduced property-tax revenue on local services, and a judge previously ordered portions of the ballot wording rewritten after finding the earlier language was not sufficiently neutral.
✨ Bottom Line
Property taxes directly affect the cost of owning real estate, so this is an amendment Florida homeowners and property owners should understand.
Read the proposal, understand how it could affect your property and community, and make an informed decision at the ballot box. 🏡🗳️
📅 Election Day: November 3, 2026
Amendment 3 requires at least 60% voter approval to become part of Florida's Constitution. If approved, the measure would take effect January 1, 2027.
🔎 Learn more about Amendment 3 from Florida Realtors:
https://www.floridarealtors.org/advocacy/amendment-3
🗳️ Florida Realtors' Vote Yes on 3 campaign:
https://voteyeson3.com/
✍️ Tatiana Reis-Destefano. REALTOR®
🇺🇸 English / 🇧🇷 Português
POP Realty Powered by Sellstate
📞 (C) 407-480-1933
📨 [email protected]
⬇️ Find Your Future Property Here ⬇️
🌐 http://tatianareisdestefano.poprlty.com/
Clermont FL Real Estate & Homes for Sale | POP Realty - People Over Profit