Florida Property Tax Changes: What Amendment 3Could Mean for Homeowners in 2027

Florida voters will decide on Amendment 3 in the November 3, 2026 general election. The proposal would substantially change certain property-tax exemptions and assessment rules if approved. As of November 2, it is a ballot proposal, not a change already in force. Homeowners should understand both the opportunity for potential savings and the important limitations.

What would Amendment 3 change?

According to the published ballot language, the proposal would raise the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with later inflation adjustments. It would also reduce the annual cap on assessment increases for non-homestead properties from 10% to 5%. These are proposed rules, contingent on voter approval.

Why do school taxes matter?

The proposed expanded homestead exemption applies to non-school taxes. Property-tax bills can include different taxing authorities, so a higher exemption does not mean that all property taxes disappear. The amount of any reduction would depend on the property's assessed value, the applicable taxing authorities, millage rates, and other exemptions.

Would every homeowner save the same amount?

No. A homeowner with a smaller taxable value may see a different outcome from one with a high-value property. Some homes may already have limited non-school taxable value after existing exemptions. A reliable calculation must use the individual property's tax assessment and millage, not a blanket claim that every homeowner will save thousands.

What about people moving into Florida?

The ballot language includes a distinction for people who were not Florida residents on December 31, 2026. Subject to the constitutional terms, qualifying new residents would initially receive the existing homestead exemption, with access to the increased exemption starting in the fifth year. The exact practical application would depend on the amendment taking effect and implementing rules.

Could rental and commercial properties be affected?

Potentially. The proposal would lower the annual assessment-increase cap for non-homestead real property from 10% to 5%. That would affect how taxable assessments can rise over time; it would not necessarily lower an existing property-tax bill immediately or apply identically to every parcel.

What should Broward County homeowners do?

Check your current homestead status and the property appraiser's assessment, distinguish market value from assessed and taxable value, and review which taxing authorities appear on the bill. Avoid changing property purchases, financing or tax planning solely on the assumption that a ballot measure will pass. Once official results and implementation guidance are available, revisit the calculations.

Frequently Asked Questions

Has Florida Amendment 3 passed?

As of November 2, 2026, voting on Amendment 3 has not yet concluded; it is scheduled for November 3.

Would it eliminate all Florida property taxes?

No. The proposed larger homestead exemption is for non-school levies and is subject to other conditions.

Would renters receive a homestead exemption?

Homestead exemptions generally apply to qualifying owners' permanent residences, not rental tenants.

Talk With a South Florida CPA

Have questions about how these tax developments affect your situation? Contact James Ridout, CPA, serving Wilton Manors, Fort Lauderdale and South Florida. Call (954) 368-3817 or visit https://www.jamesridoutcpa.com/contact to discuss tax preparation and planning.

EDITORIAL NOTES & SOURCES

Publish before the November 3, 2026 election only in this form. Update promptly after certified results; do not present the proposal as enacted.

Leon County Supervisor of Elections - 2026 ballot questions - https://www.leonvotes.gov/Voting/Election-Ready/General-Election-Ballot -Questions

Florida Association of Counties - Property Tax Reform Summary - https://www.fl-counties.com/wp-content/uploads/2026/06/Property-Ta x-Reform-Summary-.pdf

Broward County Property Appraiser - https://bcpa.net/

Disclaimer: Educational information only, not individualized tax, legal or investment advice. Verify laws, deadlines and taxpayer eligibility before relying on this article.