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Florida Homestead Exemption
Florida property tax

The November 2026 property tax amendment

A constitutional amendment on the November 3, 2026 ballot would raise the non-school homestead exemption in two steps. Here is what it says — and what is still current law until then.

Reviewed against published state sources on August 21, 2026. Rules and figures change — always confirm with the agency before acting.

Read this first

None of this is current law. For the 2026 tax roll the Florida homestead exemption is $25,000 plus the inflation-adjusted $26,411 additional exemption. The measure described below takes effect only if it is approved by 60% of voters on November 3, 2026, and its first change would apply to the 2027 tax roll.

What is on the ballot

CS/HJR 1-F, titled “Save Our Homes From Excessive Property Taxes,” passed the Florida Legislature's 2026 special session — 75–26 in the House and 30–9 in the Senate — and appears on the November 3, 2026 general election ballot. Like all Florida constitutional amendments it requires 60% voter approval.

What it would change

Current law (2026 tax roll)If Amendment 3 is approved
Non-school homestead exemption$25,000 + $26,411 (2026)$150,000 non-school from January 1, 2027; $250,000 from January 1, 2028, indexed to inflation from 2029
School district leviesOnly the first $25,000 exemptUnchanged — only the first $25,000 exempt
New Florida residentsSame exemption as everyone elsePersons establishing residency on or after January 1, 2027 receive $50,000 non-school, becoming eligible for the larger exemption from January 1 of the fifth year. Persons who are Florida residents as of December 31, 2026 qualify immediately
Non-homestead assessment cap10% annually5% annually, beginning 2027
Future increasesCPI indexing of the second exemption under Amendment 5Authorises the Legislature to prescribe by general law a uniform procedure to further increase the exemption, up to all remaining assessed valuation

Fiscal estimates

Two figures circulate, and they measure different things. The Revenue Estimating Conference figure is cited at $12 billion recurring. Legislative analysis cited by the Tax Foundation puts it at $4.6 billion in year one and $8.4 billion in year two — the phase-in years rather than the fully implemented position. Both are estimates of foregone local government revenue, and neither is a projection of any individual homeowner's bill.

Related measures already enacted

  • Amendment 5 (2024), effective January 1, 2025, indexes the additional non-school homestead exemption to CPI. That is what produced the $25,722 figure for 2025 and $26,411 for 2026, and it applies whether or not Amendment 3 passes.
  • A separate 2026 law limits local government property tax revenue behaviour ahead of the November vote.
  • HB 7031 (2026) requires online listing platforms to display a prospective buyer's estimated ad valorem tax rather than the seller's current tax — addressing the surprise that follows the reassessment-on-sale rule.
No position taken

This page describes what the measure says and what the published estimates are. It takes no position on whether it should pass, and nothing here should be read as a recommendation to vote either way. The ballot summary, the full joint resolution text and the fiscal analyses are linked in the sources below — they are the documents worth reading before you decide.

What to check closer to the election

  • The final amendment number and ballot summary language as designated by the Florida Secretary of State. County property appraisers and policy organisations are describing it as Amendment 3; confirm the final designation on the official ballot.
  • Whether implementing legislation, referenced as SB 4-F, is enacted and what it specifies.
  • Your county property appraiser's own explanation — several publish detailed pages on what the measure would mean for that county's roll.

Common questions

Is the Florida homestead exemption going up to $250,000?
Only if voters approve the constitutional amendment on the November 3, 2026 ballot by at least 60%. The measure would raise the non-school homestead exemption to $150,000 from January 1, 2027 and $250,000 from January 1, 2028. It is not current law.
Would the increased exemption apply to school taxes?
No. Under the measure as passed by the Legislature, school district levies would continue to exempt only the first $25,000 of assessed value.
What is the five-year residency requirement in the Florida property tax amendment?
Persons establishing Florida residency on or after January 1, 2027 would receive a $50,000 non-school exemption and become eligible for the larger exemption beginning January 1 of the fifth year. Persons who are Florida residents as of December 31, 2026 would qualify immediately.
What is the Florida homestead exemption for the 2026 tax year?
$25,000 applying to all levies, plus an additional $26,411 applying to assessed value above $50,000 for all levies other than school district levies.

Sources

  1. Pinellas County Property Appraiser — Amendment 3 explainer — https://www.pcpao.gov/amendment3
  2. Florida Senate — 2026 Special Session F, HJR 1-F / SJR 2-F bill text — https://www.flsenate.gov/Session/Bill/2026F/2F/BillText/Filed/HTML
  3. Florida Senate President's office — statement on passage, June 2, 2026 — https://www.flsenate.gov/PublishedContent/Offices/President/6_2_26_Senate_Passes_Historic_Property_Tax_Cut_for_Florida_Homeowners.pdf
  4. Florida Policy Institute — ballot language summary — https://www.floridapolicy.org/posts/florida-property-tax-amendment-ballot-language-summary
  5. Tax Foundation — analysis of the Florida property tax proposal — https://taxfoundation.org/blog/florida-property-tax-proposal/
  6. Florida Dept. of Revenue PTO Bulletin 24-20 — Amendment 5 (2024) inflation adjustment — https://floridarevenue.com/TaxLaw/Documents/PTO%20BUL%2024-20%20Constitutional%20Amendment%205%20Annual%20Inflation%20Adjustment%20to%20Homestead%20Exemption%20Value.pdf