11/04/2026
🏡 Florida Home Owners - it’s Official!
Amendment 3 has passed, and some pretty significant property tax changes are headed our way in 2027.
💭 Here’s what you need to know -
2027
•Homestead exemption increases to $150,000 for non-school property taxes.
2028
•That exemption increases to $250,000.
Investment properties
•The annual assessment increase cap drops from 10% to 5% for non-school taxes.
For new Florida residents -
•If you establish residency after December 31, 2026, you’ll generally have to wait until your fifth year of homestead exemption to qualify for the expanded benefit.
This does NOT mean property taxes are disappearing altogether.
While this could provide much-needed relief to homeowners, it also raises a pretty big question about funding for local services.
Do you think this was the right move for Florida?
📌Save this post and share it with a Florida homeowner!
Jennifer Vigoa
Licensed Real Estate Professional
Southern Select Realty
561.806.8228 | [email protected]