Florida Record
Miami
Critical PriorityTaxes Budgetopen

Amendment 3 fiscal impact

Summary

Budget staff estimated the homestead exemption amendment would strip roughly $25 million from the city in year one and $18.5 million in year two — and could force a solid waste fee hike or service cuts.

At a glance

Total mentions
1
Last 30 days
0

Discussed at 1 meeting in the last 60 days; most recently Sep 24, 2026.

Impact analysis

💰Financial impact

Estimated $25 million city revenue loss in year one, $18.5 million in year two.

✅Who benefits

Homesteaded homeowners who would pay less property tax.

⚠️Who could be affected

Users of city services — parks, solid waste, after-school programs — which could face fee hikes or cuts.

Mentions & discussions (1)

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