FloridaAmendment 3

Amendment 3

Florida · November 3, 2026

Increase the homestead tax exemption, decrease the cap on how much the assessed value of non-homestead properties can increase, and limit how municipalities can spend property tax revenue

A yes vote means Homeowners pay less in property taxes, businesses pay more when their property values increase, and cities have less flexibility spending the tax money they get.
A no vote means Everything stays the way it is now with homestead exemptions, property tax assessments, and how cities can spend their tax revenue.
Simple explanation
Right now, if you own a house, you get a break on your property taxes. Amendment 3 makes that break bigger for homeowners. It also makes commercial and rental properties pay more in taxes when their value goes up, and it ties the city's hands on how they can use the tax money they collect.

Source: Ballotpedia

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