Florida Realtors launches Vote Yes on 3 campaign

As Florida voters prepare to decide Amendment 3 in November, Florida Realtors® launched a Vote Yes on 3 campaign, encouraging support for property tax relief for homeowners and a lower assessment cap on non-homestead properties.

The campaign comes as Florida households continue to face higher costs for housing, insurance, groceries, utilities and other necessities. Florida Realtors says keeping homeownership attainable also means helping people afford to remain in the homes they worked to purchase.

“Affordability is on the forefront for every Floridian, and they need meaningful relief,” said Chuck Bonfiglio Jr., 2026 president of Florida Realtors. “We’ve spent years working to help people buy homes. But buying the home is only half the challenge. We also need to make sure families can afford to keep the homes they worked so hard to purchase.”

The Vote Yes on 3 website explains the amendment’s major provisions, who would qualify for the expanded homestead exemption and when the changes would take effect. It also answers frequently asked questions about the proposal.

LEARN MORE ABOUT AMENDMENT 3

Florida Realtors also has a separate webpage that gives members an overview of Amendment 3 and the proposed property tax changes.

On Aug. 23, the Florida Realtors Board of Directors voted to support the amendment. Florida voters will consider it during the Nov. 3 general election.

“Florida Realtors supports Amendment 3 because it offers voters an opportunity to provide meaningful property tax relief while strengthening Florida’s commitment to attainable homeownership,” the association shared on Aug. 23. “Florida Realtors encourages Floridians to learn more about it, and to vote Yes on Amendment 3 this November.”

What Amendment 3 would do:

• Increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028. The exemption would be adjusted annually for inflation beginning in 2029.
• Reduce the annual cap on assessment increases for non-homestead properties from 10% to 5%. This would apply to properties such as rentals, second homes and commercial real estate.
• Direct counties and municipalities to use property tax revenue solely for public safety, schools, infrastructure, natural resources, debt payments, employee retirement benefits and government operations and administration.
• Require the Legislature to create a uniform process counties and municipalities could use to increase the homestead exemption further, up to a home’s full assessed value.
• Allow special districts to provide additional property tax relief with voter approval.

The expanded homestead exemption would apply only to non-school property taxes, meaning the amendment would not impact school funding.

People who are not Florida residents on Dec. 31, 2026, would receive the existing homestead exemption when they qualify. They would become eligible for the expanded exemption beginning with their fifth year of exemption, subject to federal constitutional requirements.

Lowering the non-homestead assessment cap would provide greater predictability for owners of rental and commercial properties, according to Florida Realtors. The association says that stability can also benefit the tenants, businesses and customers who depend on those properties.

“Floridians need a change,” Bonfiglio said. “This is an opportunity to provide meaningful relief now, while continuing the broader conversation around property taxes.”

Amendment 3 will appear on the Nov. 3 general election ballot. Constitutional amendments require approval from at least 60%+1 of voters. If approved, the measure would take effect Jan. 1, 2027.

© 2026 Florida Realtors®