What could your home save?
Explore the potential property-tax savings under Florida’s proposed Amendment 3. Start with your assessed value and tax district.
Illustrative estimate if approved by voters. School taxes and non-ad valorem charges are not reduced by this homestead exemption change.
per month equivalentAnnual change ÷ 12
Non-school property taxes only
An estimate of the exemption’s effect, not your total tax bill or a guaranteed future saving.
Behind the estimate
| Item | Current rules | Amendment 3 |
|---|---|---|
| Assessed value | ||
| Homestead exemptionNon-school only | ||
| Taxable value | ||
| Annual non-school tax |
The details that make a difference.
A few things to know before comparing your result with a tax bill.
Which property value should I enter?
Use your assessed value before exemptions from the Property Appraiser or your TRIM notice. Your market value and taxable value are different numbers. The calculator keeps the assessed value fixed to isolate the proposed exemption change.
How does the savings calculation work?
The calculator subtracts the applicable homestead exemption under each scenario, floors taxable value at zero, and multiplies the difference by non-school millage ÷ 1,000. Current rules exempt the first $25,000 plus an inflation-adjusted amount above $50,000. The proposal instead exempts the first $150,000 in 2027 and $250,000 in 2028 for qualifying established residents.
What if I become a Florida resident after 2026?
The proposal provides a $50,000 non-school exemption in 2027 for qualifying newer residents, adjusted for positive inflation beginning in 2028. The larger exemption starts in the fifth year of homestead exemption, subject to applicable law. This model covers only 2027 and 2028 and does not assume local governments shorten that period. Some scenarios can show a small increase compared with the inflation-adjusted current exemption.
What is excluded from this estimate?
School taxes, non-ad valorem charges, other exemptions or discounts, partial ownership, future assessment growth, changes of ownership, and future millage changes are outside this estimate. If you receive senior, veteran, disability, or other exemptions, this standard-homestead model may not reflect your savings. It also does not model the separate change to non-homestead assessment caps.
Are the future exemptions and rates final?
No. The amendment is on the November 2026 ballot. The proposed $150,000 and $250,000 amounts come from its text. The default current-law comparison uses the state’s July 10, 2026 inflation forecasts; those are projections. Miami-Dade presets use adopted 2026 millage, held fixed. Actual future CPI adjustments, tax rates, eligibility, and implementation may differ.
Built on official sources.
Rules and sources checked October 26, 2026. Estimates are calculated from your inputs.