Florida Amendment 3 passes. What the result means for homeowners

Florida voters approved Amendment 3 to the state Constitution, a measure that would change how much some homeowners pay in property taxes.

According to the Florida Department of Revenue, the maximum homestead exemption in 2026 is $51,411, although the entire amount does not apply to school taxes.

Amendment 3 would increase only the second portion of the exemption, meaning the portion that applies to school taxes would not change.

The homestead exemption would increase to $150,000 in 2027 and $250,000 in 2028.

People who are Florida residents as of Dec. 31, 2026, would benefit from the expanded exemption if they meet the eligibility requirements.

Those who are not state residents by that date would have to wait until their fifth year of receiving the homestead exemption to qualify for the increase, subject to what is permitted under the U.S. Constitution.

The amendment will not only affect how much homeowners pay, but also how much property tax revenue cities and counties receive, a change several jurisdictions have described as

Florida Amendment 3 election results