11/05/2026
🏡 BIG NEWS FOR FLORIDA HOMEOWNERS!
Florida voters have approved Amendment 3, bringing significant changes to property taxes beginning January 1, 2027!
Here's what you need to know. 👇
✅ 2027: The homestead exemption increases to $150,000 for non-school property taxes.
✅ 2028: The exemption increases to $250,000.
✅ Future Protection: Beginning in 2029, the expanded exemption will be adjusted for inflation.
✅ Investment & Rental Properties: The annual cap on increases in assessed property values drops from 10% to 5% for non-school taxes.
💡 What does this mean for homeowners?
Potentially lower property tax bills, allowing qualifying homeowners to keep more of their hard-earned money.
But there are a few important details!
📌 School property taxes are NOT eliminated.
📌 Homeowners must meet homestead exemption requirements to receive the expanded benefit.
📌 People who become Florida residents after December 31, 2026, generally must wait until their fifth year of qualifying for a homestead exemption to receive the larger benefit.
📌 Reduced property tax revenue could also affect funding for local public services.
As a real estate professional, I believe understanding changes like these is just as important as understanding property values, mortgage rates, and market trends.
Because real estate isn't just about buying or selling a home. It's about understanding the decisions that affect your financial future. ❤️
What are your thoughts on this change? 🏡
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