11/04/2026
🏠You’ve heard last night: Amendment 3 - is making its way in to passing. But, what does that mean for you?
1. Biggest property tax cut in FL history.
2. Homestead exemption: $50k → $150k in 2027 → $250k in 2028 (non-school taxes only).
3. Only for FL residents as of Dec 31, 2026; newcomers wait 5 years.
4. Second homes/commercial: yearly assessment increase cap 10% → 5%.
5. Takes effect Jan 1, 2027, needs 60% to pass — currently passing.
Certainly more to come in the coming days, so stay tuned for more updates.
While we wait for its completion, contact us with any questions you may have about the purchase of your next home!