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What is Amendment 3?
Amendment 3 proposes changes to Florida’s property tax system, including a significant increase in the homestead exemption that applies to non-school property taxes.
The proposal could provide property tax savings for qualifying homeowners. At the same time, increasing the exemption would reduce the amount of property tax revenue collected by cities, counties and other local taxing authorities.
Because local property taxes help fund public facilities, infrastructure, maintenance, emergency response and other community needs, the proposal has implications beyond an individual homeowner’s tax bill.
