Florida Amendment 3 explained: What it means for you
Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.
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A sweeping property tax overhaul is coming to Florida after voters approved Amendment 3 by 62% on Tuesday night, clearing the required 60% threshold to reshape real estate assessments statewide.Florida homestead exemption expansionUnder prior rules, primary homeowners held a baseline $25,000 exemption across all property taxes and around $50,000 in non-school exemptions.The $25,000 school-tax deduction stays intact under the amendment, but non-school homestead exemptions will expand in phases.The non-school threshold jumps to $150,000 on Jan. 1, 2027.On Jan. 1, 2028, the non-school exemption expands to $250,000 before shifting to automatic annual inflation adjustments beginning in 2029.Commercial real estate protectionsStarting Jan. 1, 2027, non-homestead properties will see annual assessment increase limits drop from 10% to 5%.The lower cap applies to commercial sites, second homes and residential rental properties to shield businesses from abrupt market spikes.The policy grants comme