Florida Amendment 3: Voters pass historic property tax caps

Florida homeowners and commercial landlords will see major property tax reductions after voters approved Amendment 3 by clearing the required 60% supermajority threshold at the ballot box on Tuesday. Florida voters approve tax overhaulFlorida voters cleared the 60% majority requirement to pass Amendment 3, resulting in an overhaul of the state constitution's tax structure.The measure expands exemptions for primary residences while cutting allowable yearly assessment increases on business sites, second homes and rental properties in half.Historic relief for homeownersUnder prior rules, primary homeowners held a baseline $25,000 exemption across all property taxes and roughly $51,411 in non-school exemptions.The $25,000 school-tax deduction stays intact under the amendment, but non-school homestead exemptions will increase in phases.On Jan. 1, 2027, the non-school exemption jumps to $150,000.The non-school threshold expands to $250,000 on Jan. 1, 2028, before shifting to automatic annual