Florida voters approved Amendment 3 on November 3, and it’s one of the biggest property tax changes in years. Here’s the plain-English version:
If you own and live in your Florida home (homestead):
Starting in 2027, the exemption on county, city and special district taxes jumps to $150,000, then $250,000 in 2028, and grows with inflation after that. School taxes keep the same $25,000 exemption. Your first bill with the savings arrives in fall 2027. Most current homesteaders don’t need to file anything new.
If you’re moving to Florida — timing matters!
The full exemption goes to people who are permanent Florida residents by December 31, 2026. Newcomers after that date start with a smaller exemption and reach the full benefit in their fifth year. If you’ve been thinking about making the move, now is the time to talk.
Already a Floridian and buying a different home?
Good news. The cutoff is based on your residency, not your purchase date. Save Our Homes and portability still work the same way.
Investors, landlords, second-home and land buyers:
The yearly cap on assessed-value increases drops from 10% to 5% for non-school taxes. That means more predictable tax bills on rentals, vacation homes and vacant land.
The fine print: the state is still writing the procedures, and your actual savings depend on your property’s value and local tax rates.
Thinking about buying or relocating to North Central Florida? Let’s talk about how Amendment 3 fits your plans.
📞 Rebecca Burns, Broker/Owner, FlexSure Realty Services LLC
352-870-5272 • rebecca@FlexSureRealty.com
This is general information, not tax or legal advice. Check with your county property appraiser or a Florida attorney about your situation.
Sources:
- Florida Voters Approve Amendment 3: Homestead Exemption Rises (FloridaCourtRules.com)
- Amendment 3 passes, expanding property tax exemptions (WFTV)
- FL Voters Approve Property Tax Reduction Measure (JEMS)
