Florida Amendment 3 — Increased Homestead Exemption; Lower Cap on Non-Homestead Assessments
Ballot measure · November 3, 2026
- What it does
- This amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027 and $250,000 in 2028, and adjusts for inflation thereafter. It requires the Legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and allows special districts, subject to referendum approval, to do the same. Persons who are not Florida residents on December 31, 2026, will receive the existing homestead exemption upon qualifying for a homestead exemption, with the increased homestead exemption beginning with the fifth year of exemption, to the extent permitted by the U.S. Constitution. This amendment reduces the annual cap on assessment increases for non-homestead properties from 10% to 5%. This amendment requires counties and municipalities to use property taxes solely for public safety, education and schools, infrastructure, natural resources, bond debt service, retirement benefits for employees, and operations and administration. Other expenditures may be approved by county officers or county or municipal governing bodies unless prohibited by general law, notwithstanding Article VII, Section 9(a) of the Florida Constitution, which allows counties and municipalities to levy property taxes for their respective purposes. This amendment takes effect January 1, 2027.
- A YES vote means
- A yes vote raises the homestead exemption from non-school property taxes to $150,000 in 2027 and $250,000 in 2028 (indexed to inflation afterward, with a five-year wait for people who become Florida residents after 2026), lowers the annual assessment-increase cap on non-homestead property from 10% to 5%, and limits county and municipal property-tax spending to listed purposes.
- A NO vote means
- A no vote keeps the current homestead exemptions, the 10% annual assessment-increase cap on non-homestead property, and existing rules on how counties and municipalities may spend property tax revenue.
- Needed to pass
- 60% of votes cast
- Put on the ballot by
- CS/HJR 1-F (2026 Special Session F)
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