Florida Amendment 3
See what Amendment 3 could save you
Amendment 3 passed with about 62% of the vote. Send Stacy your address and she'll pull your assessed value and millage rate and show you what the new homestead exemption could mean for you.
A free savings check
Stacy will run your numbers
Savings depend on your home's assessed value and local millage rates, so a generic dollar figure wouldn't be honest. Stacy Young, Broker Associate with Atrium Realty, will look up your property and send a personalized estimate.
- Share your address — or check the box if you're looking to buy and don't own a Florida home yet.
- Stacy pulls the records — your assessed value and millage rate from the property appraiser.
- You get a personalized estimate — plus answers to your questions about timing and residency.
What passed
Florida's homestead exemption is going up
Here is what Amendment 3 changes, in plain language.
- The homestead exemption for all non-school property taxes rises to $150,000 of assessed value in 2027 and $250,000 in 2028, then is adjusted for inflation. The school-tax exemption stays $25,000.
- The annual assessment cap for non-homestead property (second homes, rentals, and commercial) drops from 10% to 5% on non-school levies, starting January 1, 2027.
- The change takes effect January 1, 2027 and first applies to the 2027 tax roll.
Who qualifies for the bigger exemption
- People who are Florida residents by December 31, 2026 qualify for the increased exemption. A Florida lease can count toward residency.
- People who are not Florida residents on December 31, 2026 receive the existing exemption ($25,000 school + up to $50,000 non-school) when they first qualify. The increased exemption begins with their fifth year of exemption.
To get it on your 2027 tax bill
- You must own the home and make it your permanent residence on January 1, 2027.
- File Form DR-501 with your county property appraiser by March 1, 2027.
- If you buy later in 2027, your first homestead year is 2028. Florida residents as of December 31, 2026 who buy later still receive the larger exemption once they qualify.
This is not tax advice. Estimates are for illustration only. Eligibility is set by your county property appraiser. The Florida Legislature still has to set some implementation procedures, including how December 31, 2026 residency is proven. Savings depend on assessed value and local millage rates.
Sources
- Florida Department of Revenue, Property Tax Oversight Bulletin PTO 26-21Official implementation bulletin, November 5, 2026.
- Official Amendment 3 ballot summaryFlorida Division of Elections, November 3, 2026 election.
- Florida Election Watch — AmendmentsAmendment 3 passed with about 62% yes (4,922,400 yes / 3,019,415 no; 60% was required).
- Florida homestead exemption overview (FL DOR)You must own and live in the home as your permanent residence on January 1, and file Form DR-501 by March 1.
Curious what this could save you?
Call or text Stacy at (904) 892-8883, or send your address with the form above.
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