Florida Amendment 3 on Tuesday's Ballot: A $150,000 Homestead Exemption in 2027, Rising to $250,000 in 2028
Amendment 3 would raise the homestead exemption on non-school property taxes to $150,000 in 2027 and $250,000 in 2028, cut the assessment cap on non-homestead property from 10% to 5%, and needs 60% of the vote to pass.
Every Florida voter will decide Amendment 3 on Tuesday, Nov. 3 — a legislatively referred constitutional amendment titled 'Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments,' according to the ballot record compiled by Ballotpedia. For Palm Beach County homeowners, it is the property-tax question on the ballot.
A 'yes' vote would increase the homestead tax exemption for non-school district property taxes to $150,000 in 2027 and $250,000 in 2028, with the amount indexed to inflation starting in 2029. New residents would receive a smaller exemption until they have lived in Florida for five years. The same amendment would lower the cap on how much the assessed value of non-homestead properties — rentals and commercial buildings — can rise each year, from 10% to 5%, except for school district taxes, and would limit how counties and municipalities can spend property tax revenue. A 'no' vote leaves the current exemptions and caps in place.
Two thresholds frame Tuesday's count. Florida constitutional amendments require 60% approval to pass, not a simple majority. And in Stetson University's final pre-election survey, conducted Oct. 26 to 30, none of the three proposed constitutional amendments on the ballot had reached the 60% support required for passage — a snapshot of stated support before Election Day, not a result. Polls in Palm Beach County are open 7 a.m. to 7 p.m. on Tuesday.
