Florida Amendment 3: proposed homestead and assessment changes await voters

Amendment 3 is a 2026 ballot proposal, not a tax change already in force. It would expand qualifying homestead exemptions for non-school taxes. It also proposes a lower annual assessment-growth cap for non-homestead property. Eligibility and timing matter; owners should not assume an automatic tax-bill reduction.

Published October 19, 2026 · Sion editorial

Florida’s Division of Elections lists Amendment 3 for the 2026 election. If voters approve it, the proposal would take effect January 1, 2027.

For qualifying homesteads, the official summary describes non-school-tax exemptions of $150,000 in 2027 and $250,000 in 2028. It also specifies different timing for people who are not Florida residents on December 31, 2026: the increased exemption would begin in their fifth exemption year, subject to the U.S. Constitution.

The proposal would lower the annual assessment-increase cap for non-homestead properties from 10% to 5%. An assessment cap is not a tax-rate cap or a promise that a tax bill will fall.

The measure remains subject to voter approval. It does not mean property taxes have already been abolished. Review the official summary and full text for a property-specific evaluation.