Florida Property Tax Changes on the November 2026 Ballot: What Takes Effect If It Passes

The proposal started as House Joint Resolution 1-F, filed as CS/HJR 1-F under the working title "Save Our Homes from Excessive Property Taxes." During a special session held June 1 through June 3, 2026, the Florida Legislature passed it by a wide margin, 75 to 26 in the House and 30 to 9 in the Senate, and sent it to the statewide ballot on November 3, 2026, as Amendment 3.

Because it amends the Florida Constitution, the Legislature cannot enact it on its own. Voters make the final call, and under Florida law it needs a 60% supermajority to take effect, so nothing is settled until the votes are counted. Until then, your existing exemptions and assessment caps stay exactly as they are.

The centerpiece is a larger homestead exemption, the amount of your primary home's value that is exempt from property taxes. Today the standard Florida homestead exemption is $50,000. Under the proposal, that would rise to $150,000 beginning in 2027 and then to $250,000 in 2028, with both amounts indexed for inflation going forward, for every levy except school district taxes.

It would also lower the cap on annual assessment increases for non-homestead properties, the second homes, rental, and investment properties, so their taxable values could not climb as quickly each year. And it creates a framework for the Legislature to move toward fully eliminating non-school property taxes on homesteads over time.

The proposed ballot language includes a residency phase-in. Under the language, someone who becomes a Florida resident on or after January 1, 2027 would receive only the current $50,000 exemption for their first five years as a Florida resident, with the larger exemption phasing in only after that.

For anyone planning a move, that is the detail that most directly affects a relocation timeline. Because the language is a ballot proposal and the numbers and dates can still change before the vote, it is worth confirming the current details with official sources and a qualified advisor rather than assuming any of it is in effect yet.

The larger exemption would not apply to school district taxes, which make up roughly 40% of the average Florida tax bill, so even if the amendment passed it would not eliminate a homeowner's tax bill. It would also not change renters' rent directly.

And none of it happens automatically. It needs a 60% supermajority at the ballot box, and it stays uncertain right up until Election Day. Treat it as a proposal with real potential, not a done deal, and keep working with current numbers until and unless it actually passes.

Property taxes are one of the biggest ongoing costs of owning a Florida home, and because Florida has no state income tax, that property tax bill carries more weight here than it does in most states. It is also exactly why this amendment keeps showing up on out-of-state buyers' search lists.

The residency phase-in matters for that same audience: the dates, the amounts, and the year in question mean anyone timing a move to Florida should look closely at their own situation before planning around it. Ballot items can change after they are written, and this one has not passed yet, so the responsible way to treat it is as an important thing to watch, with the final call left to official sources and a qualified advisor.