10/13/2026
𝑯𝒆𝒓𝒆'𝒔 𝒔𝒐𝒎𝒆 𝒇𝒓𝒆𝒒𝒖𝒆𝒏𝒕𝒍𝒚 𝒂𝒔𝒌𝒆𝒅 𝒒𝒖𝒆𝒔𝒕𝒊𝒐𝒏𝒔 𝒂𝒏𝒅 𝒂𝒏𝒔𝒘𝒆𝒓𝒔 𝒂𝒃𝒐𝒖𝒕 𝑨𝒎𝒆𝒏𝒅𝒎𝒆𝒏𝒕 𝟑:
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝟑?
Amendment 3 is a proposed constitutional amendment designed to provide meaningful property tax relief and help make owning property in Florida more affordable.
It would increase the homestead exemption for non-school property taxes from $51,411 today to:
$150,000 in 2027
$250,000 in 2028
Annual inflation adjustments beginning in 2029
It would also lower the annual assessment growth cap on non-homestead property from 10% to 5%.
𝐖𝐡𝐲 𝐝𝐨𝐞𝐬 𝐅𝐥𝐨𝐫𝐢𝐝𝐚 𝐑𝐞𝐚𝐥𝐭𝐨𝐫𝐬® 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝟑?
Because the cost of owning a home doesn’t stop after you buy it.
Property taxes, insurance premiums and other everyday expenses continue to put pressure on Florida households. Amendment 3 would lower property tax bills for eligible homeowners and help make it more affordable for people to stay in the homes they already own.
Florida Realtors® has long supported policies that help Floridians buy, own and keep their homes.
𝐃𝐨𝐞𝐬 𝐚 $𝟐𝟓𝟎,𝟎𝟎𝟎 𝐡𝐨𝐦𝐞𝐬𝐭𝐞𝐚𝐝 𝐞𝐱𝐞𝐦𝐩𝐭𝐢𝐨𝐧 𝐦𝐞𝐚𝐧 𝐡𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬 𝐬𝐚𝐯𝐞 $𝟐𝟓𝟎,𝟎𝟎𝟎?
No. The exemption applies to a home’s assessed value, not directly to the homeowner’s tax bill.
A larger exemption means more of a qualifying home’s value is protected from non-school property taxes, resulting in a lower property tax bill.
𝐖𝐢𝐥𝐥 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝟑 𝐚𝐟𝐟𝐞𝐜𝐭 𝐬𝐜𝐡𝐨𝐨𝐥 𝐟𝐮𝐧𝐝𝐢𝐧𝐠?
No. School funding is protected.
The additional homestead exemption applies only to non-school property taxes.
𝐖𝐡𝐨 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐟𝐫𝐨𝐦 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝟑?
Florida homeowners who qualify for the state’s homestead exemption would be eligible for the increased exemption, subject to the amendment’s eligibility requirements.
That relief could be especially meaningful for families, retirees and homeowners on fixed or limited incomes who are trying to keep up with rising housing and everyday costs.
𝐈𝐟 𝐈’𝐦 𝐚 𝐭𝐞𝐧𝐚𝐧𝐭 𝐚𝐧𝐝 𝐩𝐞𝐫𝐦𝐚𝐧𝐞𝐧𝐭 𝐅𝐥𝐨𝐫𝐢𝐝𝐚 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐛𝐮𝐭 𝐝𝐨 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐨𝐰𝐧 𝐚 𝐡𝐨𝐦𝐞𝐬𝐭𝐞𝐚𝐝, 𝐡𝐨𝐰 𝐰𝐢𝐥𝐥 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝟑 𝐚𝐟𝐟𝐞𝐜𝐭 𝐦𝐞 𝐢𝐟 𝐈 𝐥𝐚𝐭𝐞𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐚 𝐡𝐨𝐦𝐞?
Amendment 3 allows anyone who has established a permanent residence in Florida, whether owned or rented, to immediately enjoy the enhanced homestead exemption once they establish a homestead.
Additionally, Amendment 3 requires any person who establishes permanent residence in Florida AFTER December 31, 2026, to wait until the fifth year after receiving their homestead before they receive the enhanced $250,000 exemption.
𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝟑 𝐝𝐨 𝐟𝐨𝐫 𝐫𝐞𝐧𝐭𝐚𝐥 𝐚𝐧𝐝 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲?
It lowers the annual assessment growth cap on non-homestead property from 10% to 5%.
That includes many rental and commercial properties. More predictable property taxes can provide greater stability for property owners, and for the renters, businesses and customers who depend on those properties.
𝐖𝐡𝐚𝐭 𝐚𝐛𝐨𝐮𝐭 𝐅𝐥𝐨𝐫𝐢𝐝𝐢𝐚𝐧𝐬 𝐰𝐡𝐨 𝐝𝐨𝐧’𝐭 𝐨𝐰𝐧 𝐚 𝐡𝐨𝐦𝐞?
Amendment 3 is primarily aimed at lowering the ongoing cost of property ownership, but its impact is broader.
By limiting annual assessment increases on rental and other non-homestead property, it can provide greater predictability for property owners and potentially reduce some of the pressure that rising property taxes can place on rents and other costs.
𝐖𝐡𝐚𝐭 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐥𝐨𝐜𝐚𝐥 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐛𝐮𝐝𝐠𝐞𝐭𝐬?
That’s an important question.
The impact will vary by community, and each city and county will have to evaluate its own budget and priorities.
But uncertainty about those decisions should not prevent Florida from addressing a known problem: the rising cost of owning a home. Public safety also remains a priority, with remaining property tax revenue prioritized for critical services such as police and fire protection.
𝐖𝐢𝐥𝐥 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝟑 𝐬𝐨𝐥𝐯𝐞 𝐅𝐥𝐨𝐫𝐢𝐝𝐚’𝐬 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬?
No single policy can do that.
Amendment 3 will not solve every affordability challenge, but it would provide meaningful property tax relief now while Florida continues addressing broader affordability and tax issues.
