Florida Amendment 3 Property Tax Calculator | Estimate How Much You’ll Save in 2027 & 2028!

Florida voters approved Amendment 3 on November 3, 2026, bringing major changes to property taxes across the state. The amendment passed with approximately 62% voting YES and 38% voting NO, narrowly clearing the 60% required for constitutional amendments.

For homeowners in Tallahassee, Leon County, and across Florida, this could mean substantial savings beginning in 2027. We’ve also included a free Florida Amendment 3 Property Tax Calculator so you can estimate how much you could save in 2027 and 2028.

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What Is Florida Amendment 3?

Amendment 3 increases the amount of a primary residence’s assessed value that is exempt from property taxes collected for purposes other than schools. This is known as the homestead exemption.

Before the amendment, eligible homeowners generally received approximately $50,000 in exemptions for non-school property taxes. Under the new amendment, that amount increases significantly over the next two years.

• 2027: The homestead exemption increases to $150,000 for non-school property taxes.
• 2028: The homestead exemption increases to $250,000 for non-school property taxes.
• 2029 and beyond: The exemption is adjusted for inflation.

The changes begin January 1, 2027. Importantly, the expanded exemption does not apply to school district property taxes. Homeowners will still be responsible for applicable school taxes and other charges, including non-ad valorem assessments.

How Much Did Amendment 3 Pass By?

Amendment 3 received approximately 62% support statewide, compared with 38% voting against it. Because Florida requires at least 60% approval for constitutional amendments, the measure passed by about two percentage points above the required threshold.

Although the amendment passed, the results also reflect differing opinions about property tax relief and how the changes could affect local government funding.

Who Benefits From Amendment 3?

Existing Florida homeowners with homestead exemptions are expected to see the biggest direct benefits. Depending on their home’s assessed value and local tax rates, some homeowners could save hundreds or even thousands of dollars annually.

Homeowners whose assessed values fall below the new exemption amounts could see their non-school property taxes reduced to little or nothing. However, school taxes and non-ad valorem assessments may still apply.

Rental and commercial property owners may also benefit. Amendment 3 reduces the annual cap on increases in assessed value for non-homestead properties from 10% to 5%, excluding school taxes. This limits how quickly taxable assessments can rise, although it does not guarantee a lower tax bill.

Who Might Not Benefit as Much?

Renters: Renters do not receive a homestead exemption because they do not own the property. While landlords may benefit from the lower assessment cap, there is no requirement that those savings be passed along through lower rent.

New Florida residents: People who were not Florida residents on December 31, 2026, generally must wait until their fifth year of qualifying for homestead exemption before receiving the expanded exemption, subject to constitutional limits. They can still qualify for the existing homestead exemption.

Homeowners with lower property values: These homeowners may already pay relatively little in non-school property taxes, so their savings could be smaller than those of homeowners with higher assessed values.

What Supporters and Opponents Are Saying

Supporters argue that property taxes have become increasingly expensive as home values have risen. They say the larger homestead exemption will help longtime Florida residents, retirees, and families keep more of their money while making homeownership more affordable.

Opponents warn that the changes could create funding challenges for local governments, particularly smaller and rural counties with fewer alternative revenue sources. They worry about potential reductions in public safety, infrastructure maintenance, and other services.

How much the amendment affects individual communities will depend on local budgets, other revenue sources, and decisions made by city and county officials.

Calculate Your Florida Property Tax Savings

Wondering what Amendment 3 could mean for your own tax bill? Use our free Florida Amendment 3 Property Tax Calculator below to estimate your property taxes for 2027 and 2028 based on your home’s assessed value, exemptions, millage rates, and annual fees.

The calculator is designed for existing Florida homeowners who already qualify for a homestead exemption. It works statewide, but the starting numbers are Leon County examples. Be sure to replace them with the figures from your own property tax bill.

IMPORTANT: ESTIMATES ONLY. Your actual tax bill may differ due to changes in property assessments, millage rates, exemptions, fees, and implementation of the amendment.