Florida Amendment 3: What the expanded homestead exemption means in Boca Raton
Florida voters approved Amendment 3 on November 3, 2026. The measure expands the homestead exemption for qualifying homeowners on non-school property taxes, beginning in 2027.
What changes?
For qualifying homeowners who maintained Florida permanent residency by December 31, 2026, the expanded exemption applies to the first $150,000 of assessed value in 2027 and up to $250,000 in 2028. The exemption applies to non-school property taxes; school taxes are not included in this expansion.
What about new Florida residents?
People who were not Florida residents on December 31, 2026, generally receive the existing exemption when they first qualify. The larger exemption begins in their fifth year of homestead exemption, subject to the constitutional rules.
What does it mean for non-homestead property?
The amendment also reduces the annual assessment-increase cap for many non-homestead properties from 10% to 5%, beginning in 2027.