A key group has come out in support of the property tax measure known as Amendment 3: The Florida Realtors Board of Directors.

“Florida Realtors supports Amendment 3 because it offers voters an opportunity to provide meaningful property tax relief while strengthening Florida’s commitment to attainable homeownership,” the association said in a statement released Sunday. “Florida Realtors encourages Floridians to learn more about it, and to vote Yes on Amendment 3 this November.”

Florida Realtors, the state’s largest trade association, represents 238,000 members and 51 local associations.

The vote was held Sunday during the association’s Governance Meetings following its 2026 Convention & Trade Expo.

Amendment 3 would increase the state’s non-school homestead exemption from $50,000 to $150,000 in 2027 and to $250,000 in 2028. To pass, it will need 60% voter approval on Nov. 3.

Meghan Romanelli, a real estate agent based in Delray Beach, says she hopes Amendment 3 passes because she thinks it will be good for the state and good for residents. “I would love to see a reduction in taxes,” she said Monday. “Floridians who have lived here a long time are trapped by their tax bill.”

Romanelli pointed to her husband’s parents, who have stayed in the same home for decades.

“My in-laws will not sell their 2,000-square-foot home on the water because their tax bill is $2,500,” she said. “If they move to a bigger $3 million home, they get a huge tax bill. In my six-year career, taxes have almost doubled. I think any sort of decrease they can give Floridians is a big help.”

Many local government officials have warned of the consequences if voters were to say yes to a tax break.

Fort Lauderdale Mayor Dean Trantalis says he hopes voters across the state reject Amendment 3.

“Raising the homestead exemption is not the panacea,” he said. “It is only going to reduce taxes a small amount. I’m in favor of increasing the homestead exemption, but to do it in such a draconian way makes no sense. Instead of raising it $150,000 it should have been $10,000 a year over a period of time.”

Trantalis argues the state should be putting restrictions on insurance companies, not municipalities.

“The insurance companies are making money hand over fist,” he said. “Should we be taking money away from cities or should we be taking money away from insurance companies? They shouldn’t just look at municipalities as the answer. People who look to cities as being the culprit misplace the blame.”

Susannah Bryan can be reached at sbryan@sunsentinel.com. Follow me on X @Susannah_Bryan