10/25/2026
Is Florida getting rid of property taxes? Not quite, but Amendment 3 proposes to expand the homestead exemption for non-school property taxes from it's current $50,000 to $150,000 in 2027 and $250,000 in 2028. This could reduce property taxes for eligible homeowners while school property taxes would remain unchanged. This article does a great job explaining what Amendment 3 and property tax relief would mean to Florida residents.
Lower property taxes could improve housing affordability in Florida by reducing costs for homeowners and lowering the income buyers need to afford a home. NAR analysis examines how proposed property tax changes could expand buying power, help more households qualify for a median-priced or starter ho...