A $250,000 tax exemption sounds like the sort of number that could make a Florida homeowner check their mailbox with renewed optimism. But the proposed change comes with a catch: the exemption would not erase $250,000 from a property tax bill, and not every homeowner would qualify for the full benefit right away.
Florida voters will decide Amendment 3 in the November 3, 2026 general election. If it passes, the proposal would expand the homestead exemption for qualifying primary residences, potentially reducing the amount of property value subject to certain local taxes. The changes would arrive in stages, and a homeowner’s residency history, property assessment, and local tax rates would all influence the outcome.
