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What could Amendment 3 mean for your property?
Explore estimated property tax savings, then confirm your exemptions and taxes with your county property appraiser.
Estimate Your Amendment 3 Savings ↗Opens an external calculator in a new tab. Estimates are not a tax bill.
What changes, and when?
Florida voters approved Amendment 3 on November 3, 2026, and the changes begin with the 2027 tax roll. For eligible homestead properties, the exemption for non-school property taxes increases to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments afterward. This reduces the assessed value used to calculate those taxes. Nobody is mailing you a $150,000 check. Would be nice, though! And your 2026 tax bill still needs to be paid.
Let’s put some numbers to it
Here is a simple example: If your home has an assessed value of $300,000 and qualifies for the larger exemption, $150,000 would remain subject to non-school property taxes in 2027 and $50,000 in 2028, before any other applicable exemptions. School taxes are calculated separately, and the standard $25,000 homestead exemption for those taxes stays in place.
Single homeowner? You can qualify, too!
You do not need a spouse or a second person on the deed, and having two owners does not double the exemption.
Moving to Florida? Pay attention to this part
People who are not Florida residents as of December 31, 2026, initially receive the smaller exemptions when they qualify, with eligibility for the larger exemption beginning in their fifth year of exemption. That timing matters when planning your housing budget.
What about second homes and investment properties?
Second homes and investment properties get a change, too. The annual assessment increase cap for non-school taxes drops from 10% to 5%. That is a cap on the assessment increase, so please do not read that as a promise that your total tax bill cannot increase more than 5%.
My take? Let’s look at YOUR property
Potential savings are good news, but we need to look at YOUR property before putting a dollar amount on them. Your assessed value, exemptions, local tax rates, and separate assessments all play a role. Buying a home? Please do not use the seller’s tax bill as your future tax estimate. That little shortcut can turn into an unpleasant payment surprise, and nobody wants that housewarming gift. Your county property appraiser can confirm your exemptions, and I can help you understand how estimated taxes fit into your mortgage payment. Have questions? Call me. I love helping you make sense of this stuff. 😊
Official sources
Information checked November 11, 2026.
Your next step
Let’s talk about what this means for you.
You do not have to figure out every mortgage detail on your own. Tell me the goal and we can work through the questions.
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