Gov. Ron DeSantis plans to convene lawmakers before leaving office in January to implement Amendment 3. Approved by 62% of voters, the Florida Realtors-backed measure raises the homestead property tax exemption to $150,000 in 2027 and $250,000 in 2028, excluding school district taxes.
The average 30-year rate fell to 7.18% from 7.24% last week, while the 15-year rate dipped to 6.57% from 6.60%.
Seven additional counties are under Florida’s flooding emergency declaration. Florida Realtors’ Disaster Relief Fund is accepting applications from eligible members in the original seven counties.
Florida voters approved Amendment 3, backed by Florida Realtors, increasing the homestead exemption and lowering the assessment increase cap for non-homestead properties beginning in 2027. State and local officials will address implementation details.
Florida Realtors opened its Disaster Relief Fund to assist eligible members with home or office damage after heavy rain and flooding prompted a state of emergency in seven counties.
Floridians grew more optimistic about the economy’s future in October, but weaker views of current finances suggest affordability remains central to customer conversations.
Disaster unemployment assistance applications are open through Dec. 28 for eligible workers, including self-employed individuals, affected by Hurricane Isaias in eight Panhandle counties.
Five Florida markets rank among the nation’s top 20 for overall real estate prospects in 2027, led by Miami, according to PwC and the Urban Land Institute. Fort Lauderdale leads the state in homebuilding prospects, with affordability, insurance costs and construction hurdles shaping opportunities.
Federal assistance has been approved for northwest Florida communities affected by Hurricane Isaias as potential insured losses reached $652 million. Individual assistance and hazard mitigation funding remain under review.
Attorney Timothy Shields shared ways to prevent misleading AI-generated listings and photos, protect customer information and set brokerage policies.
