11/06/2026
Florida voters have approved Amendment 3, bringing significant changes to the state’s property tax system.
Starting in 2027, homeowners could see an increase in the homestead exemption, reaching $150,000 in 2027 and $250,000 in 2028. Investment properties would also see a change, with the annual assessment growth cap reduced to 5%.
What does this mean?
For homeowners, it could mean lower property tax bills and meaningful savings. For real estate investors, a lower assessment growth cap could offer more predictability when planning long-term investments.
These changes are expected to take effect January 1, 2027, subject to eligibility requirements and applicable limitations.
Florida’s real estate landscape continues to evolve. Whether you own a home or invest in property, staying informed matters.
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