Florida Amendment 3 property tax impact
Summary
The property appraiser's analysis found Amendment 3 likely won't shrink Monroe County's overall taxable value — non-homestead properties offset homestead savings — but the fire/ambulance district in the lower and middle Keys would lose revenue. Even so, the county's ~$12.5 million in annual cost growth outpaces the projected new revenue, and a state-mandated 10% budget-cut exercise is coming.
At a glance
- Total mentions
- 4
- Last 30 days
- 3
Discussed at 1 meeting in the last 60 days; most recently Oct 20, 2026.
Impact analysis
Projected revenue up about $287,000 in year one and $1.5 million cumulatively, against roughly $12.5 million a year in cost growth — with a potential millage increase or cuts ahead.
Homestead property owners would see roughly $1,000 a year in county-level savings on a sample property, though the shift raises non-homestead owners' relative share.
Non-homestead owners and District 1 fire/ambulance taxpayers may shoulder more of the burden if millage rates rise to cover the gap.
Mentions & discussions (3)
Voters approve property tax cut, reject other ballot measures
TALLAHASSEE — Florida residents voted to enact a large property tax cut Tuesday, but rejected two other measures on the ballot.
SPECIAL TAX REFORM INFORMATIONAL WORKSHOP - Oct 20, 2026
This statewide ballot measure could save the average homesteaded homeowner about $831 over two years, but would shift more of the tax burden onto businesses, rentals, and second homes. The county projects revenue growth far short of its typical $12.5 million annual cost increases, setting up potential millage hikes or service cuts.
Board of County Commissioners - Aug 19, 2026
The property appraiser's analysis found Amendment 3 likely won't shrink Monroe County's overall taxable value — non-homestead properties offset homestead savings — but the fire/ambulance district in the lower and middle Keys would lose revenue. Even so, the county's ~$12.5 million in annual cost growth outpaces the projected new revenue, and a state-mandated 10% budget-cut exercise is coming.
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