10/26/2026
🏡 Florida Amendment 3 – What Homeowners Should Know! 🌴
✨ Here are the key points:
*Higher Homestead Exemption: Increases the property tax exemption for qualifying PRIMARY residences to $150,000 in 2027 and $250,000 in 2028, with future inflation adjustments. School taxes are not included.
*Lower Assessment Cap: Reduces the annual cap on assessed-value increases for non-homestead properties, such as rental homes and second homes, from 10% to 5%.
*New Florida Residents: People who were not Florida residents by December 31, 2026, generally must wait until their fifth year of homestead exemption eligibility to receive the increased exemption, subject to legal requirements.
Effective Date: If approved by at least 60% of voters, the amendment takes effect January 1, 2027.
