Overview
- Florida Realtors have launched a fully funded Vote Yes on 3 campaign backed by a $10 million commitment and public endorsements from the state GOP and Governor Ron DeSantis to drive voter turnout.
- Amendment 3 would raise the additional homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028 with inflation indexing beginning in 2029, and it would not apply to school district taxes.
- Official estimates from the legislature’s research arm and the Revenue Estimating Conference project recurring local revenue losses as high as about $12 billion a year when the exemption is fully phased in, with other analyses showing large multi‑year impacts.
- A broad opposition coalition that includes the Florida Sheriffs Association, police and firefighters’ groups, planners and civic organizations says localities could respond with service cuts, higher fees or tax shifts that would affect emergency response, parks and planning work.
- The measure must reach a 60% approval threshold to become part of the state constitution and has drawn new legal and fiscal scrutiny over its rushed ballot language and the adequacy of local impact analysis ahead of the November vote.