Florida Amendment 3 Could Slash Property Taxes for Homeowners
Governor Ron DeSantis is actively championing a proposed constitutional amendment that would expand homestead exemptions and potentially eliminate most non-school property taxes on primary residences. If passed, Amendment 3 could dramatically reduce the annual tax burden for Florida homeowners — a major development for anyone weighing a move to the Sunshine State.
Florida already draws relocating buyers with its lack of a state income tax, but a new push by Governor DeSantis could make homeownership here even more financially attractive. At a recent Miami roundtable, the governor threw his full support behind Amendment 3, a proposed constitutional measure that would broaden homestead exemptions and lay the groundwork for phasing out non-school property taxes on homesteaded properties entirely.
For context, Florida homeowners currently benefit from a $50,000 homestead exemption and the Save Our Homes cap, which limits how quickly assessed values can rise. Amendment 3 would build on that foundation, potentially offering far deeper relief — especially meaningful given that property tax bills have climbed alongside surging home values across the state in recent years.
The amendment targets non-school property taxes specifically, meaning local school district funding would remain protected under the current structure. That distinction is important for families evaluating Florida communities, as school funding mechanisms would not be dismantled under the proposal.
It's worth noting that constitutional amendments in Florida require 60% voter approval to pass, so this is still a measure in progress rather than settled law. Voters would have the final say, and the political path forward will likely involve significant debate from local governments that rely on property tax revenue for services.
Still, the momentum behind this proposal signals a broader legislative environment that favors reducing the cost of homeownership — a trend worth watching closely if you're planning a Florida relocation. You can follow the details in the original report.
What this means if you're moving to Florida: If Amendment 3 passes, buyers who establish a primary residence and claim homestead exemption could see substantially lower annual property tax bills — making Florida homeownership even more cost-competitive compared to high-tax states.
Source: Space Coast Daily · Summary by Move to Sunshine. Original article not reproduced.
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