09/24/2026
Florida Amendment 3 includes a much larger homestead exemption, but that is only one part of the proposal.
For people who maintained a permanent Florida residence as of December 31, 2026, the homestead exemption for non-school property taxes would increase to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments beginning afterward. People who were not permanent Florida residents by that date would generally receive the larger exemption beginning in their fifth year of eligibility. School-district property taxes would not receive the larger exemption.
The amendment would also reduce the maximum annual assessment increase on non-homestead, non-agricultural property from 10% to 5%. This includes many rental, commercial and second-home properties. It also changes the constitutional rules governing how counties and municipalities may use property-tax revenue.
The Florida Revenue Estimating Conference’s July 10 analysis estimates that, if approved, the quantifiable reduction in statewide local-government revenue would begin at approximately $4.93 billion in 2027–28 and eventually reach an estimated recurring annual reduction of approximately $11.83 billion. How individual cities and counties would respond is not determined by the amendment.
A yes vote adopts these changes together. A no vote keeps the current property-tax structure. Because this is a constitutional amendment, it requires at least 60% voter approval.
My goal is not to tell anyone how to vote. It is to make sure we understand the entire proposal, not just the headline, before November 3.
Sources: VotePinellas.gov, Florida Legislature CS/HJR 1F, the Florida Revenue Estimating Conference’s July 10, 2026 analysis and Vote411.
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