Florida Amendment 3 property tax reform
Summary
The constitutional amendment would raise the homestead exemption to $150,000 in 2027 and $250,000 in 2028, shifting taxes to businesses and rentals. Separately, a statutory change already forces counties to use the base rollback rate — a quiet revenue cut — with any increase needing supermajority approval.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Sep 8, 2026.
Impact analysis
The base rollback rate alone cuts county revenue starting this budget year, before any vote on Amendment 3.
Homestead homeowners, especially higher-valued homes, would see large exemptions.
Businesses, rentals, and second-home owners would absorb the shifted burden, and county services face funding pressure.
Mentions & discussions (3)
Board of County Commissioners - Sep 8, 2026
If Amendment 3 passes in November, the county budget office estimates a $47 million general fund hit in year one and $77 million over two years, threatening parks, roads, libraries and fire rescue transfers. Staff plans a new impact fee study next year regardless.
Board of County Commissioners - Aug 11, 2026
The constitutional amendment would raise the homestead exemption to $150,000 in 2027 and $250,000 in 2028, shifting taxes to businesses and rentals. Separately, a statutory change already forces counties to use the base rollback rate — a quiet revenue cut — with any increase needing supermajority approval.
Board of County Commissioners - Jul 14, 2026
The 'Save Our Homes' amendment would raise the homestead exemption to $150,000 then $250,000, potentially cutting major county revenue. Residents asked how services and public safety would be prioritized if it passes in November.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Lake County
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.