Your Tax Bill
How your bill works
Market value, assessed value and taxable value are not the same numberAmendment 3 changes an exemption and one assessment cap. It does not set every local tax rate, and it does not produce the same savings for every home.Why Amendment 3 would change some lines on your tax bill, not all of themProperty-tax bills are built from separate city, county, school and district levies. The larger homestead exemption would apply to covered non-school lines while the school exemption stays at $25,000.
Estimate savings
MODELCity of Orlando sourced levy package. City of Orlando example levy lines. Current-law baseline effective 2026. Not inflated to 2027. School millage excluded.
Who Saves
Homeowners
An eligible homestead can receive the larger non-school exemption. The school line stays at $25,000. Millage is still set later.
Renters
Renters do not get the homestead exemption. Covered rental property can get the tighter 5 percent assessment cap. The amendment does not set rent.
Businesses
Covered commercial property can use the 5 percent non-homestead cap. The bill still depends on assessed value and later millage.