Florida midterm elections: Amendment 3 passes, expanding property tax exemptions

Florida voters approved Amendment 3 on Tuesday, expanding property tax exemptions for qualifying homeowners and limiting annual increases in assessed values for non-homestead properties, according to the Associated PressThe measure cleared the 60% threshold required to amend Florida’s Constitution.Follow Channel 9’s live Florida election results and coverage.What changes for homeowners?Amendment 3 increases the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028. Annual inflation adjustments begin in 2029.The larger exemptions apply to qualifying property owners who are permanent Florida residents as of Dec. 31, 2026.People establishing residency afterward initially receive a smaller exemption, with eligibility for the increased benefit beginning in their fifth year of receiving a homestead exemption, subject to constitutional requirements.Channel 9 previously explained the proposal and the dispute over its ballot language.What changes for rentals