Florida voters approve Amendment 3 property tax cut

Summarised from 2 outlets · 5 reports · Updated 4 Nov, 21:15 · Archive

Florida voters approved Amendment 3, which increases the homestead property tax exemption to $150,000 in 2027 and $250,000 in 2028.

Florida voters approved Amendment 3 on Tuesday with 62 per cent of the vote, surpassing the 60 per cent required for passage. The amendment increases the homestead property tax exemption for non-school taxes from the current $50,000 to $150,000 in 2027, then to $250,000 in 2028. The measure takes effect on 1 January 2027. Existing Florida homeowners who are permanent residents before that date will qualify for the full exemption. New homeowners moving to Florida after the amendment takes effect will receive a lesser exemption for five years before becoming eligible for the full benefit. The amendment also reduces the annual non-homestead property assessment growth cap from 10 per cent to 5 per cent.

Governor Ron DeSantis told reporters Wednesday he would convene a special legislative session within two months to implement the measure, working with the Legislature on timing before his second term ends in early January. He said the session would ensure people receive the homestead exemption while preventing local governments from circumventing the amendment through other taxation methods.

Some Northeast Florida sheriffs who urged voters to reject the amendment before the election have reacted to its passage. Jacksonville Sheriff T.K. Waters said the amendment means 'much-needed relief is on the way for hard-working Floridians' and that the sheriff's office remains committed to public safety. However, Jacksonville's council auditors estimated the city could need to cut $200 million from its $2 billion general fund operating budget next year. The Nassau County Sheriff's Office said it is unknown whether the amendment will directly affect the agency.

How it is being reported

• Do new Florida homeowners get tax cuts under Amendment 3? Here’s the cutoffFlorida voters managed to approve the state’s latest property tax proposal — Amendment 3 — on Tuesday night, though it may raise a new question for some homeowners: will it apply to me?Clickorlando · 4 Nov, 20:56
• With Florida Amendment 3’s victory, Gov. DeSantis eyes a special sessionGov. Ron DeSantis told reporters Wednesday he’ll convene a special legislative session in the next two months to install the large property tax cut approved by voters Tuesday evening.Clickorlando · 4 Nov, 18:15
• How much will Amendment 3 save you? Here’s how to find outFlorida voters have officially approved a new property-tax plan that is soon set to take effect, according to the Associated Press. The proposal — Amendment 3 — provides a new homestead exemption for non-school taxes for residents in the state. We have all the information you need to know about the amendment, and how it compares to former property tax rules in this article.Clickorlando · 4 Nov, 18:11
• Northeast Florida sheriffs react after Amendment 3 passesNortheast Florida sheriffs who raised concerns about Amendment 3 before the election are responding after Florida voters approved the property tax measure Tuesday.News4Jax · 4 Nov, 16:39
• REACTION: Voters approve Amendment 3 in FloridaClickorlando · 4 Nov, 16:23

In this story: Florida · Ron DeSantis · T.K. Waters · Jacksonville · Nassau County

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log