TALLAHASSEE, Fla. — Florida voters approved Amendment 3 on November 3, 2026, with 61.99 percent of the vote, according to Ballotpedia's tally of unofficial results. Florida constitutional amendments require 60 percent to pass, and the measure cleared that bar with 4,917,482 yes votes to 3,015,840 no votes.
Amendment 3, the Homestead Tax Exemptions, Property Assessments, and Spending Restrictions Amendment, was placed on the ballot by the state legislature through House Joint Resolution 1-F, passed in a June 2026 special session. It takes effect January 1, 2027.
The amendment increases the homestead tax exemption for non-school district property taxes to $150,000 in 2027 and $250,000 in 2028, with the amount indexed to inflation starting in 2029. It expands the non-school property tax exemption from $25,000 today. School taxes keep today's $25,000 exemption.
For non-homestead property, such as rentals, second homes and commercial buildings, the amendment decreases the cap on how much the assessed value can increase each year from 10 percent to 5 percent, except for school district taxes. It also limits how counties and municipalities can spend property tax revenue.
A home assessed at $250,000 or less will pay no non-school property tax at all from 2028, though school levies and non-ad valorem assessments such as fire fees still apply. Anyone who is not a Florida resident on December 31, 2026, starts with the current exemption and gets the larger one beginning in the fifth year of exemption.
Florida's Revenue Estimating Conference put the cut to local non-school property taxes at about $4.9 billion in the 2027-28 state fiscal year and $8.7 billion in the following year. The legislature is expected to adopt implementing legislation during its 2027 session, and the new exemptions would first appear on tax bills mailed in November 2027.
