Amendment 3 homestead exemption on November ballot
Summary
The November ballot question would add a $150,000 homestead exemption (rising to $250,000), potentially cutting city property tax revenue by $18.7 million in year one and $32 million by year two. Staff outlined tough options: cutting services like recreation and special events, freezing jobs, or raising millage on non-homesteaded properties — which would hit renters and businesses. Nothing is decided; it's up to voters in November.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Nov 4, 2026.
Impact analysis
If approved by voters, the city could lose $18.7 million to $32 million in annual property tax revenue within two years — money now funding police, fire rescue, parks, and events.
Homesteaded homeowners, especially those with assessed values at or below the exemption thresholds, would see their city property tax bills shrink or disappear.
Renters and businesses would bear the burden of any offsetting millage increase on non-homesteaded properties, and everyone could see cuts to recreation, events, road maintenance, and other services.
Mentions & discussions (2)
City Commission — November 4, 2026
The new homestead exemption amendment could strip roughly $50 million from the city's $112 million property tax budget. Mayor Castillo warned services may shrink or change and urged residents to engage with the citizens budget advisory board.
City Commission — August 31, 2026
The November ballot question would add a $150,000 homestead exemption (rising to $250,000), potentially cutting city property tax revenue by $18.7 million in year one and $32 million by year two. Staff outlined tough options: cutting services like recreation and special events, freezing jobs, or raising millage on non-homesteaded properties — which would hit renters and businesses. Nothing is decided; it's up to voters in November.
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