Article: Florida’s Property Tax Amendment Explained

Florida’s Property Tax Amendment Explained

Regardless of the outcome of Amendment 3, our firm has been providing consistent guidance and counsel for over thirty years on proper title vesting and other strategies to maximize our client’s ability to claim the homestead, as well as other exemptions.

Will Florida overhaul the property tax system, potentially eliminating taxes on most owner-occupied homes? Florida voters will decide this November whether to give homeowners a bigger property tax break. If passed, Amendment 3 would increase homestead exemptions from the current $50,000 to $250,000 over two years, meaning qualifying homeowners would pay property taxes on a smaller portion of their home’s value.