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NewsWUSF — Tampa Bay NPR (Politics)October 24, 2026Hillsborough County

Florida's Amendment 3 proposes raising homestead property tax exemptions to $150,000 and $250,000

Photo: WUSF — Tampa Bay NPR (Politics)

Floridians will vote on Amendment 3, a proposed constitutional amendment requiring 60% voter approval to raise the maximum homestead property tax exemption from about $51,000 to $150,000 next year, and to $250,000 by 2028 for non-school property taxes. The measure would also alter annual taxable value increases for rental and other non-homestead properties. Supporters argue it provides vital tax relief amidst rising housing costs, while opponents warn it could trigger tax shifts and reduce funding for local services and water management districts.

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Read the full story at WUSF — Tampa Bay NPR (Politics)

Why It Matters

The amendment directly alters property tax assessments for Florida homeowners and non-homestead property owners, with proponents projecting average tax savings exceeding $1,000 in 2027 and $2,500 in 2028 while critics warn of potential increases in alternative fees and sales taxes.

Key Facts

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Who's Mentioned

OrganizationFlorida Realtors Association“Backs the constitutional amendment to make owning a home more affordable.”PersonEric Rollings“Opposes the amendment due to concerns over local neighborhood funding and public”OrganizationSouth Florida Water Management District“Relies on ad valorem taxes to support regional water management.”OrganizationSouthwest Florida Water Management District“Relies on property tax revenue to meet growing drinking water demands.”OrganizationNature Conservancy in Florida“Expresses concern over potential impacts to water management funding.”PersonGreg Knecht“Raises concerns that reduced property tax revenue could negatively impact water ”PersonMargy Grant“Advocates for Amendment 3, stating it offers property tax relief.”OrganizationSt. Johns River Water Management District“Relies on property tax revenue to fund land acquisition, restoration, and public”OrganizationVote Yes on 3“Receives funding from Florida Realtors to promote property tax relief.”OrganizationMainframe Real Estate“Real estate firm represented by opposing realtor.”PersonGovernor“Described the long-term structural trajectory of the proposed constitutional cha”OrganizationSave Our Services - No on 3“Warns that tax cuts will lead to higher sales taxes, gas taxes, and local fees.”PersonJackson Peel“Opposes Amendment 3, warning of a tax shift and rising fees.”