Florida Amendment 3 Aims to Cut Non‑School Homestead Property Taxes

Florida's proposed constitutional amendment, known as Amendment 3 or House Joint Resolution 1‑F, would raise the homestead exemption to $150,000 in 2027 and $250,000 in 2028, effectively reducing the taxable value of homes for non‑school local property taxes. The measure also imposes a spending restriction that limits local governments to use the remaining property‑tax revenue for core services such as public safety, infrastructure and employee retirement benefits.

The amendment must receive at least 60 % of the vote in the November 2026 general election to take effect. It does not eliminate all property taxes and provides no special relief for renters, meaning landlords could face higher taxes as property values rise. Finance officers in counties and municipalities will need to model revenue scenarios to prepare for a smaller tax base and a 5 % assessment growth cap on commercial and rental properties.