Amendment 3 Property Tax Reform
Summary
The November ballot amendment would raise the homestead exemption to $150,000 then $250,000 — costing the city an estimated $48 million over two years, essentially leaving property taxes to cover little more than policing. Council debated it heavily; Councilman Bonna said he'd personally vote for it while warning of statewide fiscal pain, and the lobbyist flagged legal and implementation flaws.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 23, 2026.
Impact analysis
Estimated $48.4 million city revenue loss over two years if passed.
Homesteaded property owners would see lower property tax bills.
All residents who rely on city services — police staffing, park upkeep, road maintenance — face cuts if it passes; commercial and apartment owners would bear higher millage burdens.
Mentions & discussions (2)
City Council Workshop — July 23, 2026
The November ballot amendment would raise the homestead exemption to $150,000 then $250,000 — costing the city an estimated $48 million over two years, essentially leaving property taxes to cover little more than policing. Council debated it heavily; Councilman Bonna said he'd personally vote for it while warning of statewide fiscal pain, and the lobbyist flagged legal and implementation flaws.
City Council Workshop — July 22, 2026
Council and staff warned repeatedly that Amendment 3, the November property-tax ballot measure, could force cuts to parks, events, street cleaning and hurricane recovery. City Manager Merejo called it the most difficult time in his 37 years with the city.
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