Understand your property tax bill.

Amendment 3 is titled “Increased Homestead Exemption, Lower Cap on Increases in Non-Homestead Property Assessments.” Florida voters will consider it on November 3, 2026. For eligible homesteaded primary residences, it would increase the current $50,000 exemption to $150,000 in 2027 and $250,000 beginning in 2028, with inflation indexing after that. The additional exemption would not apply to school district taxes. It would also lower the annual cap on assessment increases for non-homestead property from 10% to 5%. That provision may affect future taxable-value growth for investment properties, rentals, and seasonal homes, but it does not create the same immediately calculable homestead tax change estimated by this calculator. The amendment would reduce revenue for counties, cities, fire rescue, water management, and special districts. Local governments could respond by reducing services, deferring projects, raising millage rates, or finding other revenue.

Different estimates may result from how each calculator treats school taxes, tax years, property records, and exemption assumptions. The state’s calculator may reflect broader future policy goals in addition to the final Amendment 3 ballot language. PRIVET’s estimate is limited to the changes voters will consider in November 2026. PRIVET models a non-school homestead exemption of $150,000 in 2027 and $250,000 beginning in 2028. School district taxes remain unchanged in this estimate. If another tool shows a larger estimated reduction, compare whether it includes school taxes, uses a different tax year, or applies different property and exemption assumptions. All calculator results are estimates. Actual bills would also depend on future assessed values, exemptions, and millage rates adopted by local taxing authorities.

Your direct property tax bill for county, city, and district levies would likely decrease if you hold a homestead exemption. However, if local governments raise fees, utility rates, or other assessments to replace lost revenue, some of that property-tax reduction could be offset.

The expanded exemption would not apply to school district taxes. The first $25,000 of Florida's current homestead exemption applies to all taxing authorities; the additional current exemption and Amendment 3's proposed increases exclude school levies. This calculator therefore keeps school district taxes unchanged.

New Florida residents would remain eligible for the current $50,000 homestead exemption during their first five years of state residency, but not the larger Amendment 3 exemption. After the five-year period, an otherwise eligible homesteaded property could receive the expanded exemption. Because property records do not establish how long an owner has been a Florida resident, this calculator assumes the expanded exemption applies.

Yes. The exemption would rise to $150,000 in 2027 and $250,000 in 2028, then be indexed to inflation. Your bill could also change because assessed values and local millage rates change. This calculator estimates only the homestead-exemption impact using today's assessed value and millage rates; it does not estimate future changes caused by the proposed 5% assessment-growth cap for non-homesteaded property.

County and municipal governments would receive less property tax revenue. They would need to either reduce operating budgets — potentially affecting fire rescue, infrastructure, and parks — or find alternative revenue streams.

Renters would not receive the expanded homestead exemption directly. Rental properties could be affected by the proposed reduction in the non-homestead assessment-growth cap from 10% to 5%, but any tax effect would belong to the property owner and is not guaranteed to be passed through to tenants.

Amendment 3 is on the Florida general election ballot on November 3, 2026. Constitutional amendments require 60% voter approval to pass. If approved, it would take effect January 1, 2027: the homestead exemption would rise to $150,000 for 2027 and $250,000 starting in 2028, with inflation indexing after that. The expanded amount would not apply to school taxes.

Ad valorem means “according to value.” These property taxes are calculated using a property’s taxable value and the taxing authority’s millage rate. They differ from flat, non-ad valorem assessments—such as some solid-waste charges—that do not change with the homestead exemption.