Amendment 3
Amendment 3 Passed: Big Property Tax Relief for Florida Homeowners
Florida voters approved Amendment 3 on November 3, 2026, with 62% of the vote — and it is great news for homeowners.
What changes:
- The homestead exemption on non-school property taxes rises from $50,000 to $150,000 in 2027, and to $250,000 in 2028.
- The annual assessment cap on non-homestead properties drops from 10% to 5%, slowing tax growth on second homes and investment properties.
What it means for you: if your Florida home is your primary residence with a homestead exemption, a much larger share of your home's value will be shielded from county, city and other non-school taxes starting with the 2027 tax year.
Questions about what Amendment 3 means for your home, or thinking of buying or selling in South Florida? Contact XPN Realty / STX Realty — Alain Alcala, Broker, 954-612-8454.
