Understanding Florida’s Proposed Amendment 3 Property Tax: What It Means for Homeowners and Real Estate Investors
As Florida households navigate rising costs for housing and everyday necessities, a major proposal on the November ballot could significantly reshape property taxes across the state. Florida Amendment 3 introduces key measures designed to make homeownership more sustainable—including expanding homestead exemptions up to $250,000 by 2028 and cutting the annual non-homestead assessment cap from 10% to 5% for rental and commercial properties.
