Florida voters will decide on Amendment 3 in November 2026. If approved, the amendment would increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, potentially providing property tax savings for qualifying Florida homeowners.
What Does Amendment 3 Mean for Homebuyers?
The proposed amendment includes important residency requirements for new Florida homeowners.
Buyers who establish Florida residency by December 31, 2026, may qualify for the increased exemption once eligible. Those who become Florida residents after that date would initially receive the existing exemption, with the increased exemption beginning in their fifth year of eligibility.
The exemption would only apply to non-school property taxes, meaning homeowners would still owe school taxes and other applicable property taxes.
What This Means for Southwest Florida Buyers
For anyone considering buying a home in Naples, Bonita Springs, Estero, or Fort Myers, the proposed amendment is worth watching. The timing of your move and establishing Florida residency could affect your future property tax savings.
With the 2026–2027 season approaching, now is an opportunity to explore Southwest Florida real estate and learn more about the local market.
Contact the Horn & Backus Team to discuss your home-buying plans and explore available properties throughout Southwest Florida.
Amendment 3 is subject to voter approval in November 2026. Consult your county property appraiser or a tax professional for guidance on eligibility and potential savings.
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