Florida Amendment 3 (2026): What the Property Tax Vote on November 3 Would Actually Change

On Tuesday, November 3, 2026, Florida voters will decide Amendment 3, titled "Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments." It is a legislatively referred constitutional amendment (CS/HJR 1-F, passed by the Legislature in a June 2026 special session). Because it changes the state constitution, it needs at least 60% of the vote to pass. This is not a tax cut that is already law, and it is not the 2024 Amendment 3 about marijuana — that was a different measure in a different year. The short answer If Amendment 3 passes, and only if it passes: The homestead exemption for non-school property taxes rises to $150,000 on January 1, 2027, and to $250,000 on January 1, 2028, with inflation adjustments from 2029. The annual cap on assessment increases for non-homestead property falls from 10% to 5% for non-school taxes. School taxes do not change. Save Our Homes does not change. Your November 2026 tax bill does not change either way — the...

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