Florida’s 2026 Amendment 3 is a proposed constitutional amendment that would significantly increase the homestead property tax exemption for many primary residences. If approved by at least 60% of voters, it would raise the homestead exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028, with additional changes to assessment caps and local government spending rules.
Pros (Arguments in Favor)
- Lower property taxes for many homeowners, especially those with higher-valued primary residences.
- Provides relief from rising housing costs, helping homeowners keep more of their income.
- Could make homeownership more affordable by reducing annual tax bills for qualifying homestead properties.
- May encourage long-term homeownership by reducing the tax burden on primary residences.
- Supporters argue it limits government spending by reducing property tax revenue growth and encouraging local governments to prioritize expenditures.
Cons (Arguments Against)
- Reduces revenue for cities and counties, potentially affecting services such as law enforcement, fire protection, parks, libraries, and infrastructure.
- Could lead to budget cuts or new fees as local governments seek other ways to fund essential services.
- Benefits are limited to homestead property owners, meaning renters, second-home owners, and many businesses would not receive the same tax relief.
- Some hospitals and public services warn of funding losses, which critics say could reduce access to healthcare and other community programs.
- Critics argue the amendment could shift tax burdens or increase other local taxes and assessments to make up for lost revenue.
Summary
Supporters believe Amendment 3 would provide meaningful property tax relief to Florida homeowners and help address rising housing costs. Opponents argue that while homeowners may save money, the reduction in local government revenue could result in fewer public services, staffing cuts, or new local fees to offset the losses.
Our View
We are always in favor of lower taxes, especially on the citizens of our state. We feel there are ways to shift the tax burden to tourists through increasing sales or occupancy taxes or by more stringently auditing snowbird residents who claim residency yet do not meet the requirements. Duval county, especially as you move west, is compromised of working class citizens that need their elected constituents to better manage their tax burden. Therefore we are going to vote for Amendment 3 this November.
