10/26/2026
LOCAL PROPERTY-TAX RULES, EXPLAINED
Amendment 3 would increase the homestead exemption on non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments thereafter. It would also lower the annual assessed-value growth cap for non-homestead real property from 10% to 5%.
Supporters, including Florida Realtors, say these changes could provide property-tax relief for eligible homeowners. These are exemption amounts, not guaranteed savings: eligibility, assessed value, and local tax rates affect actual bills. School district taxes remain. People who were not Florida residents on December 31, 2026 generally receive the increased exemption beginning in their fifth year of exemption. The measure also changes how counties and municipalities may use property-tax revenue, so review the full text.
Vote YES on Amendment 3 on November 3, 2026.
Official ballot summary and text: https://constitutionalinitiatives.dos.fl.gov/Home/InitDetail?account=10&seqnum=110
Florida Senate provision summary: https://www.flsenate.gov/Committees/BillSummaries/2026F/html/1
Florida Realtors' supporting explainer: https://www.floridarealtors.org/news-media/news-articles/2026/10/webinar-nuts-and-bolts-how-amendment-3-improves-affordability