10/15/2026
JBCC VOTER EDUCATION | AMENDMENT 3 EXPLAINED
Florida Property Taxes: What Would Change?
On November 3, 2026, Florida voters will decide on Amendment 3, which proposes changes to homestead exemptions, property assessments, and local government finances.
📌 WHAT DOES AMENDMENT 3 PROPOSE?
🏠 Increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments afterward.
🏢 Reduce the annual assessment-increase cap on qualifying non-homestead properties, including commercial and rental properties, from 10% to 5%.
🏛️ Establish restrictions on how counties and municipalities use property-tax revenue, with exceptions and approval provisions.
✅ WHAT DOES A YES VOTE MEAN?
You support adopting these proposed constitutional changes.
❌ WHAT DOES A NO VOTE MEAN?
You support keeping the current constitutional provisions rather than adopting these changes.
⚖️ POTENTIAL BENEFITS
• Property-tax savings for qualifying homeowners.
• Slower growth in assessed values for qualifying commercial and rental properties.
• Greater predictability in certain property-tax assessments.
⚖️ POTENTIAL CONCERNS
• Reduced property-tax revenue for local governments.
• Potential effects on funding for community services and infrastructure.
• Renters would not directly receive the proposed homestead exemption.
💬 WHY DOES THIS MATTER?
Property taxes affect homeowners, businesses, housing costs, and the resources available to local governments.
The Jacksonville Black Chamber of Commerce believes our community deserves access to clear information about proposed policies.
📖 Read the official amendment:
https://constitutionalinitiatives.dos.fl.gov/
KNOW THE FACTS. UNDERSTAND THE IMPACT. MAKE AN INFORMED DECISION.
JBCC provides this information for nonpartisan educational purposes and does not endorse or oppose Amendment 3.
An official site of the Florida Department of State Phone: (850) 245-6200 (Monday to Friday) Fax: (850) 245-6217 E-mail: [email protected]
