What to know about the proposed property tax exemptions

 

"Save Our Homes From Excessive Property Taxes" Amendment 3 on the Nov 3, 2026 Ballot (CS/HJR 1F)

 

➜ Homestead by 12/31/2026 to receive the full exemption OR after 4 continuous years of homestead if deadline is passed.

 

➜ 2027: $150k exemption for homestead OR 5% annual assessment cap for non-homestead (drops from 10%)

 

➜ 2028: $250k exemption for homestead.

 

➜ No date set for full elimination on homesteaded properties.

 

➜ Millage rates are not capped. Taxing authorities could raise rates.

 

➜ School taxes do not change.

There have been discussions about raising sales tax to 12-15%, but it's not yet clear how the revenue will be replaced. We do know that you must be a Florida resident before 2027 to qualify, so now is the time to act!