Understanding the November Property Tax Amendment

What the Amendment Does

• Raises the homestead exemption to $150,000 in 2027 and $250,000 in 2028. A future Legislature is directed to increase the exemption or phase out the rest on a schedule it sets later.
• Reduces the assessment cap on non-homestead property from 10 percent to 5 percent. The amendment includes a five-year waiting period before new Florida residents qualify for the expanded exemption.
• Anyone who had not established permanent Florida residency as of December 31, 2026 is limited to the existing $50,000 exemption for five years, regardless of when they purchase a home. For example, a military family relocating to Florida in 2027 must wait five years before receiving the benefit. 
• Provides no funding mechanism to replace lost revenue, most of which flows to public safety and critical infrastructure. While the funding to deliver these services is strangled, counties remain legally obligated to provide them.

What's at Stake

The amendment is called “Save Our Homes from Excessive Property Taxes.” There’s a lot that the ballot title leaves out. Here’s what it actually does: The property tax amendment would slash billions in funding that keeps deputies on patrol and fire stations open.

The amendment would shift costs onto renters, small businesses, and shoppers. And it would give Tallahassee the power to decide what your community gets to keep.

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