What It Changes
In short
- $150,000 in 2027, then $250,000 in 2028. Taken off assessed value. School levies keep the existing $25,000 exemption.
- Assessment cap 10% → 5%. Covered non-homestead property, including many rentals and businesses.
- 60% on Nov. 3, 2026. If it passes, the stated start date is Jan. 1, 2027.
What Amendment 3 would actually changeThe proposal would raise the homestead exemption on non-school taxes, tighten an assessment cap on some other property and make newer Florida residents wait for the larger break.No, Amendment 3 does not reset every homestead to market valueThe sentence being circulated as a new reset is existing constitutional language. Save Our Homes remains in place.A No vote on Amendment 3 would not undo Florida's new millage lawThe constitutional amendment is still on the ballot. The law governing how local boards set property-tax rates already passed and stays in force either way.A judge threw out Amendment 3's first ballot language. The measure stayed on the ballot.The Attorney General rewrote the title and summary after an August court order. The proposed constitutional text itself did not change.