Fresh Ballot Text Aims to Expand Florida Homestead Exemption

After a judge found the initial ballot summary for the Florida property tax amendment misleading, the AG released new language for Constitutional Amendment 3 (HJR 1F). The proposal would raise non-school homestead exemptions to $150,000 in 2027 and $250,000 in 2028 (with inflation later), require a uniform county/municipal exemption process, offer a five-year $50,000 exemption for out-of-state homeowners, cut non-homestead assessment increases from 10% to 5%, and cap ad valorem spending to specified public services unless allowed by law. It differs from Gov. DeSantis’s original plan by not fully phasing out taxes. If approved by at least 60% in the November 3, 2026 election, it would take effect January 1, 2027.