11/04/2026
🏡 FLORIDA AMENDMENT 3 PASSED! WHAT DOES THIS MEAN FOR HOMEOWNERS?
Florida voters approved Amendment 3, bringing major changes to the state’s property tax system!
Here’s what you need to know:
✅ 2027: The homestead exemption for non-school property taxes increases to $150,000.
✅ 2028: The exemption increases to $250,000.
✅ More savings: Homeowners could see a significant reduction in their property tax bills on their primary residence.
✅ Investment properties: The annual cap on assessed value increases for non-homestead properties, including rentals and commercial properties, drops from 10% to 5%.
What does this mean for you?
If you own a home in Florida and qualify for the homestead exemption, you could save money on your property taxes. The actual savings will depend on your home’s assessed value and local tax rates.