Free Tool · Updated November 2026
Florida voters approved Amendment 3 on November 3, 2026. See how much the bigger homestead exemption could cut your property tax bill in 2027 and 2028, by county and city.
Savings Estimator
Pick your county and city, then enter your home's assessed value from your TRIM notice or the property appraiser's website. Use assessed value, not market value.
County, city and water management district rates are built in. Fire, library, transit, children's board and similar special districts are not, so add their mills from your tax bill (every line except the school board) for a closer number. Leaving them out understates your savings.
Estimated Yearly Savings from 2028
$0
Non-school taxes only. Assumes today's tax rates and assessed value stay the same.
Talk Through My Numbers → 🧮 See how this changes your mortgage payment →The Math
Amendment 3 raises the homestead exemption that applies to county, city and special district taxes. School district taxes keep today's exemption.
2026
$51,411
Today's non-school homestead exemption.
2027
$150,000
Non-school exemption for homesteads in place by Dec. 31, 2026.
2028
$250,000
Full exemption, then adjusted for inflation starting in 2029.
Your savings equal the newly exempt value times your non-school millage rate. One mill is $1 of tax for every $1,000 of taxable value. On a home assessed at $300,000 with a 12-mill non-school rate, taxable value for those levies drops from $248,589 to $150,000 in 2027 and to $50,000 in 2028. That is about $1,183 saved in 2027 and $2,383 a year from 2028. A home assessed at $250,000 or less pays no non-school property tax from 2028, but still pays school taxes.
Common Questions
Yes. Florida voters approved Amendment 3 on November 3, 2026 with about 62% of the vote, above the 60% needed for a constitutional amendment. It takes effect January 1, 2027.
For county, city and special district taxes, the homestead exemption rises from $51,411 today to $150,000 in 2027 and $250,000 in 2028. Starting in 2029 it is adjusted each year for inflation.
No. School district taxes keep the existing homestead exemption, so that part of your bill does not change. This calculator only counts the non-school portion.
Homeowners with a Florida homestead exemption on their permanent residence by December 31, 2026 get the larger exemptions starting in 2027. People who become Florida residents after that date start with today's exemption and receive the full $250,000 starting with their fifth year of homestead.
No. Second homes, rentals, vacation homes and commercial property do not get the homestead exemption. Amendment 3 does lower their yearly assessment cap from 10% to 5%, which slows how fast their taxable value can rise.
No. The Save Our Homes cap still limits homestead assessment increases to 3% or inflation, whichever is lower, and portability and other personal exemptions stay the same.
If your property taxes are paid through an escrow account, your lender recalculates the escrow at its yearly analysis, so a lower tax bill usually means a lower monthly payment after the new bill comes out. For a home purchase, lower taxes also lower the payment you qualify on.
They can. State economists estimate local governments will lose billions in property tax revenue, and counties and cities can still raise millage rates up to legal limits or add other fees. Your actual savings depend on the rates your local governments set each year.
Estimates only, not tax advice. County, city and water management district millage rates come from the Florida TaxWatch Property Tax Resource Center. Your bill may include other special districts not shown here. The Florida Legislature is expected to pass implementing rules in 2027, and local tax rates change every year. Check your TRIM notice and your county property appraiser for your exact numbers.