11/04/2026
So I know a lot of people have different opinions on Amendment 3 passing last night. This is just talking about the real estate aspect if anybody is curious how it would benefit them whether you are purchasing or a current homeowner. Some main points are below.
Florida's Amendment 3 passed, and it means lower property taxes for homeowners starting in 2027. Here are the main points:
1️⃣ The homestead exemption on non-school taxes goes from about $51K to $150K on Jan 1, 2027, then $250K in 2028, and rises with inflation after that.
2️⃣ Already have a homestead? You don't need to file anything. The bigger exemption is applied automatically.
3️⃣ Buying in 2027 and already a Florida resident by 12/31/26? File for homestead by March 1 and you get the full larger exemption.
4️⃣ Moving here from out of state after 2026? You start with the current exemption, and the larger one kicks in your 5th year.
5️⃣ Own a rental or second home? The yearly assessment cap drops from 10% to 5%.
6️⃣ Estimated savings: up to about $1,124 in 2027 and $2,264 a year by 2028 in Duval, and about $709 and $1,428 in St. Johns (assumes $275K+ assessed value and current millage).
Results are unofficial until certified, and this isn't tax advice. Want to know what it means for your home? Just text me back.
🙋🏻♂️ Josh Ortagus, Realtor
⭕️ Round Table Realty
📲 904-742-1432
🖥 www.JoshSells904.com
📧 [email protected]
