Florida Voters Weigh Homestead Exemption Hike to $250,000

Florida voters are considering Amendment 3, which would raise the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with later inflation adjustments; homeowners would still owe school property taxes. Supporters say the change could ease costs for homeowners, including younger buyers and seniors on fixed incomes. Opponents warn that reduced property-tax revenue could strain local services: the Legislature’s estimating committee projects a $4.8 billion revenue drop in fiscal 2028, and Seminole County officials have warned of a potential $119 million shortfall. Supporters dispute the projections, saying the actual effects remain uncertain because lawmakers have not determined how the amendment would be implemented; it needs 60% voter approval to pass.