Government
Correction: Amendment 3's homestead-exemption phase-in
The proposed $250,000 exemption for non-school property taxes begins in 2028 under the official ballot summary, not 2029. Important eligibility limits also apply.
Correction: Our earlier version gave the wrong year for the proposed $250,000 non-school homestead exemption. The official Amendment 3 summary sets that level in 2028, following $150,000 in 2027. This is a proposal on the 2026 ballot, not a benefit already in force.
The proposal applies to non-school property taxes. The summary provides for inflation adjustments after 2028.
People who are not Florida residents on December 31, 2026, would initially receive the existing exemption once eligible. The larger exemption would start in their fifth exemption year, subject to constitutional limits.
Our earlier article drew on commentary published by a real estate professional. This correction uses the official ballot summary; it does not repeat the earlier savings example or quotations, which we could not substantiate. A larger exemption is not a quoted saving on every homeowner's total tax bill.
The ballot summary also addresses assessment caps for non-homestead property, procedures for further local exemptions and the permitted uses of property-tax revenue. Read the full official text before relying on a short summary to understand the proposal.
