Florida voters will decide in November whether to approve Amendment 3, a proposed change to the state Constitution that could affect how much some homeowners pay in property taxes.
The measure will appear on the Nov. 3, 2026, ballot with revised wording intended to clarify the proposal.
According to the Florida Department of Revenue, the maximum homestead exemption in 2026 is $51,411, although not all of it applies to school property taxes.
Under the amendment, the homestead exemption for non-school property taxes would increase to $150,000 in 2027 and $250,000 in 2028.
The amendment needs at least 60% voter approval to pass. But what would those changes mean for Florida homeowners?
Amendment 3: property taxes
It would raise the homestead exemption for non-school taxes to
$150,000 in 2027 and
$250,000 in 2028, with inflation adjustments afterward.
It would also reduce the annual cap on increases in assessed value for non-homestead properties from 10% to 5%, and set new rules for certain new residents and for how revenue from property taxes may be used.
See other amendments on the ballot
Amendment 1: would raise the cap on the state’s Budget Stabilization Fund from
10% to 25% of general revenue collections.
See official text
Amendment 2: would exempt from property tax certain tangible personal property located on agricultural land and used for agricultural production or agritourism activities.
See official text
Important: each amendment needs at least 60% of the vote to pass.
If approved, Florida residents as of Dec. 31, 2026, could qualify for the expanded exemption if they meet the requirements. Those who were not Florida residents by that date would have to wait until their fifth year of qualifying for the homestead exemption to receive the increase, to the extent permitted by the U.S. Constitution.
This amendment would not only change how much some property owners pay — it would also affect how much money cities and counties receive from property taxes, which several jurisdictions have described as a hit to their revenue.
NBC6 investigative reporter Sasha Jones reported that, at the municipal level, that revenue reduction could affect funding for public safety services, parks, infrastructure, and community programs.
The report identified the city of Coral Springs as one of the jurisdictions that would be affected. According to estimates, the city’s revenue could drop by about $14.5 million in 2028 and about $26.8 million by 2029.
How does the amendment text appear on the ballot?
Increased Homestead Exemption; LowerCap on Increases in Non-HomesteadProperty Assessments
This amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027 and $250,000 in 2028, and adjusts for inflation thereafter. It requires the Legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and allows special districts, subject to referendum approval, to do the same.Persons who are not Florida residents on December 31, 2026, will receive the existing homestead exemption upon qualifying for a homestead exemption, with the increased homestead exemption beginning with the fifth year of exemption, to the extent permitted by the U.S. Constitution.This amendment reduces the annual cap on assessment increases for non-homestead properties from 10% to 5%.This amendment requires counties and municipalities to use property taxes solely for public safety, education and schools, infrastructure, natural resources, bond debt service, retirement benefits for employees, and operations and administration. Other expenditures may be approved by county officers or county or municipal governing bodies unless prohibited by general law, notwithstanding Article VII, Section 9(a) of the Florida Constitution, which allows counties and municipalities to levy property taxes for their respective purposes.This amendment takes effect January 1, 2027.
What does voting YES on Amendment 3 mean?
Marking YES on the ballot would mean you agree to amend the Florida Constitution and raise the homestead exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028.
This means qualifying homeowners could subtract that amount from the taxable value of their primary residence before calculating non-school taxes.
For example, if a home has a taxable value of $300,000, with the $250,000 exemption you would only pay non-school taxes on the remaining $50,000.
However, homeowners would still pay school taxes, since that part of the bill would not be covered by the exemption increase.
The measure also proposes lowering the annual cap on increases in assessed value for properties that do not qualify for homestead — such as second homes and rental properties — from 10% to 5%.
This would apply to all qualifying secondary properties, not just one. However, it does not mean your tax bill can only go up 5% each year.
What does voting NO on Amendment 3 mean?
Voting NO means you do not agree with applying the proposed changes to the Florida Constitution.
This would mean the homestead exemption for non-school taxes would not increase, and the annual cap on increases in assessed value for properties that do not qualify for homestead would not be reduced from 10% to 5%.
The current exemptions and caps would remain in place unless they are changed later.
What are people who support Amendment 3 saying?
There are officials and political leaders in South Florida who have expressed support for the measure, including Miami-Dade Property Appraiser Tomás Regalado and County Sheriff Rosie Cordero-Stutz.
Florida Republican gubernatorial candidate Byron Donalds has also said he supports Amendment 3.
According to an exclusive Telemundo 51/NBC6 poll, 55% of voters surveyed support the measure. Among them, 49% said property taxes are too high.
What are those who oppose Amendment 3 saying?
The Florida Sheriffs Association has spoken out against Amendment 3 and warned that reduced property-tax revenue could affect public safety funding.
Meanwhile, Florida Democratic gubernatorial candidate David Jolly has also said he will vote NO, citing concerns about the potential impact on law enforcement and other local services.
The Telemundo 51/NBC6 poll also found that among voters who oppose the amendment, 55% cited potential cuts to local services as their top concern.
If approved, the amendment would take effect on Jan. 1, 2027.
Calculators to estimate Amendment 3’s impact
Potential impact on homeowners
Tax calculator
How much could you save?
The State of Florida has a tool that lets you search your address and get an estimate of potential property-tax savings under the Save Our Homes proposal. The calculator uses 2025 tax bills as a reference.
Calculate my potential savings
The tool is administered by the State of Florida. Results are estimates and may vary depending on the property, exemptions, assessments, and local rates.
Potential impact on communities and public services
Impact on your community
How could Amendment 3 affect your community?
Florida Policy Institute has a tool that lets you search by ZIP code or county to view estimates of Amendment 3’s potential impact on funding for local governments and services.
Check the impact on my community
This tool was developed by Florida Policy Institute. The figures represent estimates of Amendment 3’s potential impact and may vary by community.