63% of Florida Voters intend to vote YES on Amendment 3
Florida voters will consider Amendment 3
during the November 3 general election.
What Amendment 3 would do:
Increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028. The exemption would be adjusted annually for inflation beginning in 2029.
Reduce the annual cap on assessment increases for non-homestead properties from 10% to 5%. This would apply to properties such as rentals, second homes and commercial real estate.
Direct counties and municipalities to use property tax revenue solely for public safety, schools, infrastructure, natural resources, debt payments, employee retirement benefits and government operations and administration.
Require the Legislature to create a uniform process counties and municipalities could use to increase the homestead exemption further, up to a home’s full assessed value.
Allow special districts to provide additional property tax relief with voter approval.
Worth noting: The expanded homestead exemption would apply only to non-school property taxes, meaning the amendment would not impact school funding.
Amendment 3 will appear on the Nov. 3 general election ballot. Constitutional amendments require approval from at least 60%+1 of voters. If approved, the measure would take effect Jan. 1, 2027.
The 30-year fixed-rate mortgage averaged 6.76% this week. Aspiring buyers should remember shopping around for the best mortgage rate and getting multiple quotes can potentially save them thousands.
The 30-year fixed-rate mortgage averaged 6.76% as of September 10, 2026, up from last week when it averaged 6.71%. A year ago at this time, the 30-year FRM averaged 6.35%.
The 15-year fixed-rate mortgage averaged 6.09%, up from last week when it averaged 6.04%. A year ago at this time, the 15-year FRM averaged 5.50%.
