How Amendment 3 Could Boost Affordability for Florida Homeowners

Florida homeowners could soon see a significant boost in their wallets, thanks to Amendment 3—a proposal that’s generating buzz across the state. At a recent webinar, Florida Realtors® members gathered to unpack exactly how this amendment could make homeownership more affordable and provide meaningful property-tax relief if voters approve it this November.

The session featured insights from Tallahassee tax attorney French Brown, a trusted advisor on state tax policy, alongside 2026 Florida Realtors President Chuck Bonfiglio and CEO Margy Grant. Their goal? To break down the complex language of Amendment 3 into clear, actionable information for homeowners and real estate professionals alike.

What’s at Stake with Amendment 3?

Amendment 3 aims to raise the homestead exemption on non-school property taxes, which is currently set at about $51,411. If passed, the exemption would jump to $150,000 in 2027 and then to $250,000 in 2028. Starting in 2029, it would be adjusted annually for inflation, ensuring ongoing savings for Florida homeowners.

• Bigger savings: The increased exemption means lower property tax bills for homeowners, helping families keep more of their hard-earned money.
• Greater affordability: By reducing one of the major costs of homeownership, Amendment 3 could make it easier for Floridians to buy and stay in their homes.
• Long-term impact: With future adjustments tied to inflation, the amendment is designed to protect homeowners from rising costs over time.

What’s Next?

For Amendment 3 to become law, it must receive at least 60% approval from voters in the upcoming November election. If you’re a Florida homeowner—or hope to become one—this amendment could have a direct impact on your financial future.

Stay tuned for more updates, and make sure your voice is heard at the ballot box!