Constitutional Amendment to Increase Homestead Property Tax Exemption and Reduce Non-Homestead Property Tax Growth Cap
Plain-English Summary
This proposed constitutional amendment would increase Florida's homestead property tax exemption in phases and reduce the assessed growth cap on non-homesteaded properties. It also creates a pathway for the full elimination of non-school property taxes on homestead properties. The measure was approved by the Legislature and will appear on the November ballot.
What each outcome does
If Amendment 3 passes, the state's homestead exemption would increase to $150,000 in 2027 and $250,000 in 2028, the assessed growth cap on non-homesteaded properties would be reduced, and a path for full elimination of non-school property taxes on homestead properties would be created. Local governments are estimated to see significant reductions in property tax revenue.
If Amendment 3 fails, the current homestead property tax exemption levels and non-homestead property tax assessment growth caps would remain unchanged. The proposed path for full elimination of non-school property taxes on homestead properties would not be implemented.
Who is funding each side
BallotPulse is non-partisan. We summarize each outcome in plain English and disclose the money on both sides. We do not tell you how to vote. Always read the official ballot text and decide for yourself.