11/04/2026
🏡 BIG NEWS FOR FLORIDA HOMEOWNERS! 🌴
Florida voters have approved Amendment 3, bringing significant changes to property tax exemptions for qualifying homeowners!
💰 What does this mean for you?
✅ 2027: Homestead exemption increases to $150,000 for non-school property taxes.
✅ 2028: Homestead exemption increases to $250,000 for non-school property taxes.
✅ 2029 and beyond: Exemption adjusts for inflation.
✅ Investment Properties: The annual assessment increase cap for non-homestead properties decreases from 10% to 5%.
📊 Here’s an example:
If your home’s assessed value is $250,000, you could potentially eliminate your county and municipal property taxes by 2028!
⚠️ Important: School district property taxes will still apply. This does NOT eliminate all property taxes.
🏠 Why does this matter for homebuyers?
Lower property taxes can mean lower monthly housing expenses, potentially making homeownership more affordable!
Whether you’re purchasing your first home, upgrading, or considering refinancing, understanding these changes can help you make informed financial decisions.
📲 Thinking about buying a home in Florida? Let’s talk about your financing options!
Johnny Barfield | Mortgage Loan Originator
Future Home Loans
NMLS #2757022
Tax savings depend on eligibility, assessed property value, and applicable tax rates. Consult your county property appraiser for details.
