JACKSONVILLE, Fla. – Florida voters will decide Tuesday whether to approve three proposed constitutional amendments, including a property tax measure that could reshape local government budgets.
Election Day: Florida’s 3 statewide amendments: Here’s what your Yes or No vote would do
Each amendment needs at least 60% voter approval to pass.
Amendment 3: Homestead exemption and local spending rules
Amendment 3 would increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with adjustments for inflation after that. The exemption applies to a homeowner’s primary residence.
View live results for Amendment 3 below.
The measure would also lower the annual cap on assessment increases for non-homestead properties — including businesses and rental properties — from 10% to 5%. It would direct counties and municipalities to use property tax revenue for specified purposes, including public safety, education, infrastructure and natural resources.
Supporters say the change would provide substantial tax relief to homeowners. Opponents, including law enforcement and firefighter groups, warn that reduced local revenue could affect public services and infrastructure. Jacksonville officials have estimated the proposal could cost the city more than $300 million a year.
People who were not Florida residents on Dec. 31, 2026, would receive the current homestead exemption when they first qualify, with the increased exemption beginning in their fifth year, as allowed by the U.S. Constitution.
A “yes” vote would approve the changes. A “no” vote would keep current rules in place.
Amendment 1: Expand the state’s “rainy day” fund
Amendment 1 would raise the cap on Florida’s Budget Stabilization Fund from 10% to 25% of general revenue collections. It also would generally require annual transfers of up to $750 million into the fund until it reaches the new cap, with exceptions.
View live results for Amendment 1 below.
The fund is meant to help the state address revenue shortfalls and emergencies. The amendment would allow withdrawals for critical state needs under specified conditions.
A “yes” vote would increase the reserve and establish regular deposits. A “no” vote would keep the current 10% cap and existing rules.
Amendment 2: Exempt some farm and agritourism equipment from taxes
Amendment 2 would exempt certain tangible personal property — such as equipment and machinery — from property taxes if it is typically located on agricultural land and used to produce agricultural products or for agritourism.
View the Amendment 2 live results below.
The exemption would apply beginning with the 2027 tax year. It would not apply to land or buildings.
A “yes” vote would approve the exemption for qualifying property owned by the landowner or leaseholder. A “no” vote would leave current tax rules in place.
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