Lee County<\/a>, the tool shows local governments could lose about $178 million in property tax revenue in the first year. By 2031, the projected impact grows to about $453 million.<\/p>\nFor homeowners with a homesteaded primary residence, however, Amendment 3 could also mean a lower property tax bill.<\/p>\n
The proposal would increase the homestead exemption on non-school property taxes from $50,000 to $150,000 in 2027 and then to $250,000 in 2028.<\/p>\n
That means a larger portion of a qualifying homeowner’s property value would be exempt from taxes charged by counties, cities and other non-school taxing districts.<\/p>\n
School property taxes would not be affected.<\/p>\n
Florida TaxWatch’s website also includes a question-and-answer section addressing some of the issues voters may have before heading to the polls.<\/p>\n
One question asks whether homeowners would still pay property taxes if Amendment 3 passes. The answer is yes, because school property taxes would remain in place.<\/p>\n
The larger homestead exemption would also apply to a homeowner’s primary residence, not a second home or rental property.<\/p>\n
Another question addresses whether local property tax rates could still increase. Florida TaxWatch says Amendment 3 would not prevent local governments from raising millage rates within existing legal limits.<\/p>\n
The organization also says local governments facing lower property tax revenue could look at other ways to make up the difference, including changes to services or certain local fees.<\/p>\n
How much an individual homeowner could save would depend on the value of the home, where the person lives and the local tax rates that apply to that property.<\/p>\n
Using the statewide average non-school property tax rate, Florida TaxWatch estimates a home assessed above $250,000 could save about $1,035 in 2027 and about $2,085 in 2028.<\/p>\n
Those figures are statewide estimates and do not represent what every Lee County homeowner would save.<\/p>\n
The Property Tax Resource Center also allows voters to compare county-level impacts and review additional information about Amendment 3 before the November election.<\/p>\n
Amendment 3 would need at least 60% of the vote to pass.<\/p>\n","protected":false},"excerpt":{"rendered":"LEE COUNTY, Fla. (WINK) \u2014 A new online tool is giving Florida voters a closer look at what…\n","protected":false},"author":2,"featured_media":386844,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210,154947,80195,356],"class_list":["post-386843","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news","tag-florida-property-tax-resource-center","tag-florida-taxwatch","tag-lee-county"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/386843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=386843"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/386843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/386844"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=386843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=386843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=386843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}