Elections
Florida Voters Approve Amendment 3 Property Tax Measure
PN Team • 21 hours ago
Florida voters approved Amendment 3 with about 62% support, raising the homestead exemption to $150,000 in 2027 and $250,000 in 2028, with future increases tied to inflation. School taxes are unaffected, and new residents must wait five years to qualify. The measure also caps annual assessment increases on non-homestead properties at 5%, down from 10%.
Supporters, including Gov. Ron DeSantis, say it eases homeowner costs; opponents warn of billions in lost local revenue, threatening emergency services, hospitals, transit, and children's programs. Miami, Miami-Dade County, and North Miami Beach are already bracing for revenue losses and weighing budget cuts, new fees, or expanded commercial tax bases to offset shortfalls. DeSantis has said he'll call a special session to implement the amendment and curb local governments' ability to raise other taxes.
Sentiment
- Ron DeSantis DeSantis is portrayed as a supportive leader planning to implement the popular tax measure.
- Miami Miami is bracing for revenue losses and considering budget cuts due to the amendment.
- Miami-Dade County, Florida Miami-Dade County faces potential shortfalls and budget pressures from the tax change.
- Florida Florida voters approved a tax measure described factually with both benefits and drawbacks.