Florida Amendment 3: Homestead exemptions and assessment caps
Florida · Constitutional amendment · Taxes · Statewide decision
Explanation reviewed 2026-10-27. AI-written and checked against linked official evidence; not an election-office summary.
AI-written summary
Would raise the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028, then adjust for inflation, with delayed eligibility for some new residents. It would cut the non-homestead assessment-growth cap to 5%, provide procedures for larger local exemptions and restrict certain local property-tax uses.
What applies now
Existing homestead exemptions apply, and the annual non-homestead assessment-growth cap is 10%.
If yes / for
Adopt the exemption, assessment-cap and local-spending changes.
If no / against
Keep existing exemptions, caps and local-use authority.
Costs and funding
No verified fiscal estimate recorded in this baseline. This does not mean there is no cost.
Timing
January 1, 2027; the exemption increases again in 2028.
Passage rule
At least 60% of votes cast on the amendment.
Source notes
- Assessment limits and exemptions do not guarantee a particular change in an individual tax bill. The full text includes residency, local approval and spending exceptions.