Florida Amendment 3 is on the November 3, 2026 ballot.
What it does
Increase the homestead tax exemption, decrease the cap on how much the assessed value of non-homestead properties can increase, and limit how municipalities can spend property tax revenue
On your ballot
CONSTITUTIONAL AMENDMENT
ARTICLE VII, SECTIONS 4, 6, AND 9
ARTICLE XII
SAVE OUR HOMES FROM EXCESSIVE PROPERTY TAXES. — This amendment benefits Florida taxpayers by:
Exempting homestead properties from taxation. Exempts the first $250,000 of a homestead's value from taxation for all levies other than school district levies and requires, through general law, a schedule for full elimination.
Ensuring funding for core services. Requires local governments to use remaining property taxes solely for core public needs including public safety, education and schools, infrastructure, and natural resources.
Protecting small businesses. Limits future property tax assessments on businesses.
Ensuring fairness for Florida residents. Requires any person who establishes Florida residency after January 1, 2027, to maintain Florida residency for five years prior to receiving the increased homestead exemption.
If approved, the amendment would take effect on January 1, 2027.
What a yes vote means
A "yes" vote supports this constitutional amendment to:
increase the homestead tax exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028, with the amount indexed to inflation starting in 2029;
provide that new residents receive a smaller exemption until they've lived in the state for five years;
decrease the cap on how much the assessed value of non-homestead properties, such as rentals and commercial buildings, can increase each year from 10% to 5%, except for school district taxes;
limit how counties and municipalities can spend property tax revenue on public safety, education, infrastructure, natural resource projects and flood control, local bonds, employee retirement benefits, and government operations; and other changes.
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Who do we vote for and why
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Republican Party of Florida 2026 Endorsements
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Rick Scott's recommendations
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Ron DeSantis's recommendations
Posted by Sway
Raises the homestead exemption to $150,000 (2027) and $250,000 (2028); lowers the non-homestead assessment cap from 10% to 5%.