Florida’s 2026 Property Tax Amendment
Florida's 2026 Property Tax Amendment
Florida voters will consider Amendment 3, a proposed constitutional amendment that would make significant changes to Florida's property tax system, on the November 2026 ballot.
View Amendment 3 Comparison View UpdatesThe proposed amendment includes changes to homestead exemptions, non-homestead property assessments, residency requirements and the use of local ad valorem tax revenue. These changes could have implications for Florida businesses, renters, homeowners and local communities.
The Florida Chamber of Commerce is committed to helping Florida's business community understand the proposed changes and their potential impacts. This page will serve as a resource for the latest developments, analysis and educational materials related to Amendment 3 as Florida approaches the November election.
Understanding Amendment 3
If approved by at least 60 percent of Florida voters, Amendment 3 would make several changes to Florida's property tax system, including increasing the homestead exemption for qualifying residents, reducing the annual assessed value increase cap for non-homestead properties from 10 percent to 5 percent, establishing new residency requirements for the increased homestead exemption and limiting the use of county and municipal ad valorem tax revenue to specified core services.
Understanding how these provisions interact with Florida's existing property tax system is important for businesses and communities across the state.
Updates
Revised Amendment 3 Ballot Language Released
Attorney General James Uthmeier released a revised ballot title and summary for Amendment 3 following a Leon County Circuit Court ruling that found portions of the original ballot language misleading and inaccurate.
The underlying proposed constitutional amendment remains unchanged. The revised language addresses how the proposal will be described to voters on the November ballot.
This amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027 and $250,000 in 2028, and adjusts for inflation thereafter. It requires the Legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and allows special districts, subject to referendum approval, to do the same.
Persons who are not Florida residents on December 31, 2026, will receive the existing homestead exemption upon qualifying for a homestead exemption, with the increased homestead exemption beginning with the fifth year of exemption, to the extent permitted by the U.S. Constitution.
This amendment reduces the annual cap on assessment increases for non-homestead properties from 10% to 5%.
This amendment requires counties and municipalities to use property taxes solely for public safety, education and schools, infrastructure, natural resources, bond debt service, retirement benefits for employees, and operations and administration. Other expenditures may be approved by county officers or county or municipal governing bodies unless prohibited by general law, notwithstanding Article VII, Section 9(a) of the Florida Constitution, which allows counties and municipalities to levy property taxes for their respective purposes.
This amendment takes effect January 1, 2027.
The Florida Chamber will continue to monitor developments related to Amendment 3 and provide updates to Florida's business community as they occur.
View Official Amendment 3 Information →Court Rules Amendment 3 Ballot Language Misleading and Inaccurate
Leon County Circuit Court Judge David Frank ruled that the ballot title and summary for Amendment 3 contained misleading and inaccurate language and identified specific provisions that required revision. The ruling directed the Attorney General to prepare a new ballot title and summary following the conclusion of any appeals. The Florida Chamber provided an update to Florida's business community outlining the ruling, next steps and potential implications for non-homestead properties, including local businesses.
Read the Leon County Circuit Court Ruling →Property Tax Resources
Letter to Governor DeSantis, Legislative Leadership, and the Florida Legislature
Read the Florida Chamber's letter outlining considerations for Florida's business community as state leaders evaluated changes to Florida's property tax system.
Read the Letter →Property Tax Amendment Brief: Current Law vs. Proposed Changes
See a side-by-side comparison of Florida's current property tax system and the changes that would take effect if Amendment 3 is approved by voters.
View the Amendment 3 Comparison →Florida Property Tax Primer
Learn more about Florida's existing property tax system, including homestead and non-homestead classifications, current revenue collections and the potential impacts of property tax reform or repeal.
Read the Florida Property Tax Primer →Leon County Circuit Court Ruling
Review the Leon County Circuit Court ruling addressing the ballot title and summary for Amendment 3.
View the Court Ruling →Official Amendment 3 Information
View official information related to Amendment 3 through the Florida Department of State.
View Official Amendment 3 Information →Stay Informed
The Florida Chamber will continue to provide updates and educational resources as developments related to Amendment 3 occur.
If you have questions about Amendment 3, Florida's property tax system or the resources provided on this page, or would like to share how property tax changes could impact your business, please contact Carolyn Johnson, Vice President of Government Affairs, at 850-521-1235 or cjohnson@flchamber.com.
Contact Carolyn