Florida voters to decide on property taxes, state reserves and farm equipment exemptions

Florida voters will decide Tuesday whether to approve three proposed constitutional amendments, including a property tax measure that could reshape local government budgets.Election Day: Florida’s 3 statewide amendments: Here’s what your Yes or No vote would doEach amendment needs at least 60% voter approval to pass.Amendment 3: Homestead exemption and local spending rulesAmendment 3 would increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with adjustments for inflation after that. The exemption applies to a homeowner’s primary residence.The measure would also lower the annual cap on assessment increases for non-homestead properties — including businesses and rental properties — from 10% to 5%. It would direct counties and municipalities to use property tax revenue for specified purposes, including public safety, education, infrastructure and natural resources.Supporters say the change would provide substantial tax relief to homeown