10/30/2026
Amendment 3 is a proposed change to Florida’s Constitution that could significantly impact property taxes.
It’s on the ballot Tuesday, November 3, 2026, and needs at least 60% voter approval to pass.
In plain terms, it could change how much of your home’s value is subject to property taxes, how quickly certain property assessments can increase, and how local governments spend tax revenue.
👉 Swipe through and let’s break it all down!
Here’s the biggest proposed change.
A homestead exemption reduces the taxable value of a home you own and use as your permanent residence.
Currently, qualifying homeowners can exempt up to $50,000 of assessed value from non-school property taxes.
If Amendment 3 passes, that amount increases to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments starting in 2029.
Think of it as a bigger discount on the value being taxed, not a change to the tax rate itself.
One catch: People who weren’t Florida residents by December 31, 2026, generally wouldn’t qualify for the increased exemption until their fifth year of homestead exemption.
This part affects properties that aren’t someone’s primary residence, including rentals, second homes, and commercial properties.
Currently, the assessed value of most qualifying non-homestead properties can increase by up to 10% annually, even if market values rise faster.
Amendment 3 would lower that cap to 5% for non-school property taxes.
That could help slow future property tax increases for investors and second-home owners.
But there’s an important distinction: This limits increases in assessed value, NOT necessarily the final tax bill. Changes in tax rates, ownership, and certain improvements can still affect what you pay.
School taxes would remain under the existing rules.
Here’s what Amendment 3 would NOT change.
First, school property taxes would remain, including the existing $25,000 homestead exemption that applies to those taxes.
Second, it would NOT eliminate property taxes entirely. Homeowners could still owe school taxes, remaining non-school taxes, and other assessments.
Third, your November 2026 property tax bill would be unaffected, regardless of
