06/24/2026
Florida is voting on a plan that could wipe out a big chunk of the property tax bill on your home — and maybe even move home values. But there's a lot of confusion (and some misleading graphics) about what it actually does. So let's break the whole thing down, in plain English, with real math, and no spin.
I'm David Lurvey, a licensed mortgage broker (NMLS 410420), and this is a straight-down-the-middle explainer — not a political take.
Here's what we cover:
Why it's NOT law yet, and what actually has to happen (a 60% vote in November 2026)
How your Florida property tax works now — the homestead exemption and Save Our Homes cap
What the amendment would do: the homestead exemption ramping toward $250,000 (non-school taxes only)
Real math: what a typical homeowner might actually save
Who qualifies — and who doesn't (rentals, second homes, and commercial are out)
The "60% pay zero" claim, fact-checked
Why supporters love it, why critics call it a "tax shift," and the local-budget tradeoff
And the big speculative question: could getting ahead of it affect home values? (clearly flagged as speculation)
——— NOTE: This is a fast-moving topic. As of mid-2026 the measure is widely reported as Amendment 3, and a lawsuit was filed challenging the ballot summary wording (it seeks to revise the language, not remove the measure). Always confirm the current status and official ballot language with your county Supervisor of Elections and the Florida Division of Elections (dos.fl.gov) before voting.
This video is non-partisan educational content — not financial, tax, legal, or voting advice, and not an endorsement of or opposition to any measure or candidate. Talk to a licensed professional about your own situation. David Lurvey | NMLS 410420 | Verify licensing at nmlsconsumeraccess.org | Equal Housing Opportunity.
https://youtu.be/0xaiMgiSPjI
Florida is voting on a plan that could wipe out a big chunk of the ...
