Amendment 3 Raises the Non-School Homestead Exemption and Cuts the Non-Homestead Cap to 5 Percent

Amendment 3 on the November 3, 2026 general-election ballot would raise the homestead exemption that applies to non-school property taxes, and it would lower the annual cap on non-homestead assessment increases from 10 percent to 5 percent. The Florida Division of Elections booklet for that election numbers the measure No. 3. The ballot title in the booklet is Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments. The booklet summary puts the non-school homestead exemption at $150,000 in 2027 and $250,000 in 2028, with an inflation adjustment after that, and it states the non-homestead assessment cap moving from 10% to 5%. The amendment takes effect January 1, 2027 if it is approved. The same booklet also carries No. 1, on the budget stabilization fund, and No. 2, on tangible personal property used on agricultural land. This page is No. 3.

The measure was placed on the ballot by the Legislature as enrolled CS/HJR 1F (2026F), filed with the Secretary of State on June 16, 2026. It proposes amendments to Sections 4, 6, and 9 of Article VII and a new section of Article XII. For a Hernando, Nature Coast, or Tampa Bay owner, the practical split is the tax roll, in two layers. One layer is the assessment and the exemption, which this amendment would change for non-school levies. The other layer is the millage, which county commissions, city councils, school boards, and special districts still set. Statewide context stays on Florida markets. A purchase or a sale sits on residential. The appraiser page is the local read of value on a specific parcel.

The title in the November 3 booklet

The cover of the Division of Elections publication reads “Proposed Constitutional Amendments for the General Election (November 3, 2026).” The booklet was updated September 3, 2026. Page 12 is No. 3, Article VII, Sections 4, 6, and 9, and Article XII. The ballot title is printed in full capitals: INCREASED HOMESTEAD EXEMPTION; LOWER CAP ON INCREASES IN NON-HOMESTEAD PROPERTY ASSESSMENTS. The Division of Elections initiatives database lists the same title, ballot number 3, election year 2026, made ballot on June 16, 2026, sponsored by the Florida Legislature through HJR 1F.

The ballot summary in that booklet is the paragraph a voter sees with the title. It says the amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027 and $250,000 in 2028, and adjusts for inflation thereafter. It says the Legislature must prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and that special districts may do the same subject to referendum approval. It says persons who are not Florida residents on December 31, 2026 will receive the existing homestead exemption upon qualifying, with the increased homestead exemption beginning with the fifth year of exemption, to the extent permitted by the U.S. Constitution. It says the amendment reduces the annual cap on assessment increases for non-homestead properties from 10% to 5%. It says counties and municipalities must use property taxes solely for public safety, education and schools, infrastructure, natural resources, bond debt service, retirement benefits for employees, and operations and administration, and that other expenditures may be approved by county officers or county or municipal governing bodies unless prohibited by general law. It says the amendment takes effect January 1, 2027.

The enrolled joint resolution still contains a different ballot statement, headed Save Our Homes from Excessive Property Taxes. That statement is the language the resolution asked to be placed on the ballot. The booklet published for this election prints the title and summary above. The initiatives database points to an attorney general letter under the label “Title & Summary rewritten.” A reader who heard the older heading can match it to No. 3 by the articles it amends and by the dollar figures in the booklet.

Article XI, Section 5(e) of the Florida Constitution says that, unless the constitution specifically provides otherwise, a proposed amendment is approved by vote of at least sixty percent of the electors voting on the measure. It then takes effect on the first Tuesday after the first Monday in January following the election, or on such other date as the amendment specifies. CS/HJR 1F specifies January 1, 2027. The House final bill analysis states the same 60 percent threshold for the 2026 general election and notes that a joint resolution of this kind is not subject to the Governor’s veto. Section 5(c) of Article XI requires a public statement of probable financial impact for an amendment proposed by initiative. The initiatives record for this legislatively referred measure shows no financial-impact-statement date. The dollar work that does exist is the Revenue Estimating Conference impact on CS/HJR 1F, covered below. That impact is a local-revenue estimate. A household tax bill comes later, after a property appraiser applies the exemption and the cap to a parcel and a taxing authority adopts a millage.

The homestead exemption on the roll today

The House final analysis of CS/HJR 1F describes current Article VII, Section 6 in plain figures. Every person with legal or equitable title who maintains a permanent residence on the property is eligible for an exemption on the first $25,000 of assessed value. That first slice applies to all ad valorem levies, including school-district levies. An additional exemption applies to the assessed value between $50,000 and $75,000. That additional exemption is adjusted annually for inflation, and it does not apply to school-district levies. The analysis cites the 2025 inflation-adjusted value of that additional exemption at $25,722, from the Department of Revenue’s CPI homestead-exemption note.

The Revenue Estimating Conference, reviewing CS/HJR 1F on June 12 and July 10, 2026, states the same structure and updates the inflation figure. The first homestead exemption is on assessed value below $25,000, for both school and non-school taxes. The second homestead exemption, for non-school taxes, applies to assessed value greater than $50,000, up to a maximum adjusted annually by the Consumer Price Index. As of 2026, the conference says that maximum is $76,411. Its workpaper table prints the 2026 second-exemption amount under current law as $26,411, applied to non-school assessed value greater than $50,000. The 2025 row of that same table is $25,722, matching the House analysis.

Those two slices are exemptions. They come off assessed value. They are separate from the Save Our Homes limit on how fast the assessed value itself may rise. The House analysis describes that limit, adopted in 1992 and commonly called Save Our Homes: for property receiving the homestead exemption, the assessed value changes each January 1 by no more than the lower of 3 percent of the prior assessment or the percent change in the Consumer Price Index. The enrolled resolution leaves that 3 percent or CPI limit in Section 4(d). A larger exemption changes how much of the assessed value is taxable. The 3 percent rule changes how fast the assessed value may climb while the homestead continues.

The order on a Florida tax bill stays the order the constitution already uses. The property appraiser determines just value as of January 1. Assessment limits and classifications produce an assessed value. Exemptions reduce assessed value to taxable value. Each taxing authority applies its own millage to that taxable value. County, city, school, and special-district lines on one bill can use different taxable values, because the school line does not receive the non-school exemption.

What the exemption becomes if the amendment is approved

Section 6 of the enrolled resolution rewrites the non-school exemption for an owner who has legal or equitable title and maintains a permanent residence. School-district levies remain exempt up to the assessed valuation of twenty-five thousand dollars. For all levies other than school-district levies, the resolution states two steps. Beginning on January 1, 2027, the exemption is up to the assessed valuation of one hundred and fifty thousand dollars. Beginning on January 1, 2028, it is up to the assessed valuation of two hundred and fifty thousand dollars.

The $250,000 amount is adjusted annually for inflation beginning on January 1, 2029, using the percent change in the Consumer Price Index for All Urban Consumers, U.S. City Average, all items 1967=100, or successor reports, for the preceding calendar year as initially reported by the U.S. Bureau of Labor Statistics, if that percent change is positive. The booklet summary says the same thing in shorter form: $150,000 in 2027, $250,000 in 2028, and an adjustment for inflation thereafter, for non-school taxes.

The conference reads that rewrite as a replacement of the second exemption, with the first $25,000 applying only to school assessed value. Its table of resulting exemption amounts, for a person who was a resident on December 31, 2026, prints $150,000 in 2027 and $250,000 in 2028 on total non-school assessed valuation. The gray-font note on that table says the current-law amounts apply to non-school assessed value greater than $50,000, and the joint-resolution amounts apply to total non-school assessed valuation. The conference applies that CPI formula in its workpaper and prints $255,600 in 2029, $260,993 in 2030, and $267,231 in 2031. Those later figures are the conference’s forecast. They occur only if the amendment is approved and the CPI change is positive. A tax bill uses them only when a property appraiser applies them to one parcel’s assessed value.

A homestead whose non-school assessed value is already under the new exemption amount has no remaining non-school taxable value from that exemption math. The conference says taxable value is kept from dropping below zero. School taxable value continues to use the $25,000 exemption. Other exemptions already in the constitution, including the exemptions the resolution leaves in place for certain disabled veterans, surviving spouses, and totally and permanently disabled first responders, sit in their own paragraphs of Section 6. This page stays with the homestead amount the ballot summary states.

Residents on December 31, 2026, and the fifth year

The resolution draws a line at December 31, 2026. A person who, on or after January 1, 2027, has title and maintains a permanent residence, and who had not maintained a permanent residence in Florida as of December 31, 2026, is exempt, for school-district levies, up to twenty-five thousand dollars. For all other levies, the resolution exempts up to the assessed valuation of fifty thousand dollars. Unless a county or municipality later shortens the wait under the rule below, beginning with the fifth year of that exemption the person is exempt up to the $250,000 amount, as adjusted for inflation. The $50,000 non-school amount itself is adjusted annually for inflation beginning January 1, 2028, if the CPI change is positive.

The booklet uses different words for that group. It says persons who are not Florida residents on December 31, 2026, will receive the existing homestead exemption upon qualifying, with the increased homestead exemption beginning with the fifth year of exemption, to the extent permitted by the U.S. Constitution. The constitutional text in the enrolled resolution states the $25,000 school figure and the $50,000 non-school figure. The conference models the non-resident second exemption at $50,000 in 2027, $51,220 in 2028, $52,367 in 2029, $53,472 in 2030, and $54,750 in 2031, and it treats the fifth year as the year the larger resident amount begins. The conference also says it assumes no $50,000 exemptions on the 2027 roll, because a person who first claims homestead during calendar year 2027 generally first appears on the 2028 roll. Any individual who has a permanent residence in the state as of December 31, 2026, is eligible, in the conference’s narrative, for the larger exemption in 2027 or thereafter.

Beginning on or after January 1, 2030, a county or municipality, by a two-thirds vote of the membership of the governing body, may determine that a reduction of that five-year requirement is warranted for a critical local need. That is a later local vote. It is authorized only if the amendment itself is approved. The conference scores the revenue effect of that local option, and of special-district referendums that could enlarge the exemption, at zero, because it does not model future local actions.

Homestead is still a fact question for the property appraiser. The House analysis lists the factors already in statute: a declaration of domicile, where dependent children are in school, place of employment, a prior residence outside Florida and when it ended, Florida voter registration at the property address, a Florida driver license and surrender of another state’s license, a Florida license tag, the address on a federal return, where bank accounts are registered, and proof of utilities at the property. The amendment adds a date, December 31, 2026, to that residency file for owners who arrive later. It does not move the decision out of the property appraiser’s office.

The non-homestead cap, from 10 percent to 5 percent

Section 4 of the enrolled resolution changes the assessment-increase limit for property that is not under the homestead Save Our Homes subsection. Two subsections do the work, and both open with the same limiter: for all levies other than school district levies.

Subsection (g) covers residential real property, as defined by general law, which contains nine units or fewer and which is not subject to the assessment limitations in subsections (a) through (d). That is the non-homestead house, the second home, the small rental, the duplex, the condominium that is not homesteaded. Assessments change annually, and the resolution replaces a flat ten percent (10%) of the prior year’s assessment with two lines. Before January 1, 2027, ten percent (10%). Beginning January 1, 2027, five percent (5%). No assessment shall exceed just value. After a change of ownership or control, as defined by general law, including a change of ownership of a legal entity that owns the property, the property is assessed at just value as of the next assessment date, and the cap applies after that.

Subsection (h) covers real property that is not subject to subsections (a) through (d) or (g). That is the rest of the non-agricultural roll the constitution puts under this limit, including nonresidential property. The same two lines appear: 10 percent before January 1, 2027, and 5 percent beginning January 1, 2027, for levies other than school-district levies. No assessment shall exceed just value. The legislature must provide that such property is assessed at just value as of the next assessment date after a qualifying improvement, as defined by general law. The legislature may provide for a just-value assessment after a change of ownership or control.

The booklet summary compresses both subsections into one sentence: the amendment reduces the annual cap on assessment increases for non-homestead properties from 10% to 5%. The conference describes the same change as a 5 percent maximum growth rate on non-school assessed value for non-homestead, non-agricultural parcels, down from the current 10 percent maximum.

A cap limits how much assessed value may rise from one year to the next while the same ownership continues. The homestead exemption is a separate dollar amount taken off assessed value. On a sale or other change of ownership that the statutes treat as a reset, subsection (g) returns the property to just value, and the 5 percent limit applies to later years. A buyer of a rental or a second home in 2027 is looking at just value for that next assessment, then at a slower non-school climb in the years that follow. A long-time owner whose non-school assessed value has been rising at the old 10 percent cap would, beginning with the January 1, 2027 assessment, see that non-school increase limited to 5 percent, and still capped by just value. School-district levies are outside both subsections. The House analysis states the point directly: the change applies to ad valorem taxes levied by counties, municipalities, and special districts, and it does not apply to school districts.

Agricultural land classified and assessed on character or use stays in Section 4(a). Conservation land assessed on character or use stays in Section 4(b). The amendment’s 5 percent line is the limit for the non-homestead property subsections (g) and (h) describe.

School levies, and the 3 percent homestead limit, stay in place

School-district taxes are the line the amendment keeps on the existing homestead exemption. The resolution’s school figure remains $25,000. The non-school figures of $150,000 and $250,000 are written as applying to all levies other than school-district levies. The conference’s adopted impact table prints 0.0 for school cash and school recurring in every year from 2026–27 through 2030–31, statewide and in each county row. A Spring Hill, Lecanto, Wesley Chapel, or St. Petersburg homestead bill can move on the county, city, and special-district lines and stay on the $25,000 school exemption.

The homestead assessment limit in Section 4(d) remains the lower of 3 percent or the CPI change. The amendment does not replace that rule with the new exemption. An owner who has held a homestead for many years can have an assessed value well under just value because of that 3 percent path. The new exemption subtracts from that assessed value for non-school levies. It does not reset the assessed value, and it does not remove the cap that produced it. Portability of a homestead assessment difference, already in Section 4(d), remains in the text the booklet prints for that subsection, including the $500,000 ceiling already written there.

Millage is still set locally

Section 9(b) of the enrolled resolution keeps the constitutional millage ceilings already in Article VII. Ad valorem taxes, with the exceptions the section already states for bonds and for short voted levies, shall not be levied in excess of ten mills for all county purposes, ten mills for all municipal purposes, and ten mills for all school purposes. Water-management millage remains 0.05 mill in the northwest portion of the state described in the section and 1.0 mill elsewhere. Other special districts remain at a millage authorized by law and approved by a vote of the affected freeholders. A county furnishing municipal services may still levy additional taxes within the municipal limits, to the extent authorized by law.

Those are ceilings. The rate under the ceiling is adopted each year by the taxing authority. Hernando County, the City of Brooksville, the Hernando school board, Pasco, Hillsborough, Pinellas, Citrus, and the cities and special districts inside them each adopt their own rates. This amendment changes assessed value and exemptions on the non-school side, and it changes which uses a county or city may make of the ad valorem revenue it collects. The millage on next year’s trim notice is still the rate those boards adopt. A reader who wants a bill in dollars starts with the property appraiser’s assessed value, applies the exemption the parcel actually qualifies for, and multiplies by the millage on that year’s notice. This page does not print a sample bill, a county median, or a guessed millage.

What county and city property taxes may be used for

Section 9(a)(2) of the resolution limits the use of ad valorem taxes levied by counties and municipalities. The enrolled text says those taxes shall be used only to:

• Provide for public safety, including law enforcement, fire service, and emergency medical service.
• Provide funding for education and public schools.
• Finance or refinance infrastructure, including road and bridge construction and maintenance and stormwater control.
• Finance or refinance natural resource projects, including flood control measures.
• Issue local bonds for uses consistent with that paragraph, and make debt service payments for existing obligations.
• Meet obligations for retirement benefits of local government employees.
• Fund the operations and administration of county officers and commissioners established under Article VIII, and of municipalities, and the expenditures approved by such county officers or county or municipal governing bodies, except expenditures prohibited by general law.

The booklet summary tracks that list and then states the residual in the last item: other expenditures may be approved by county officers or county or municipal governing bodies unless prohibited by general law, notwithstanding the present Article VII, Section 9(a), which allows counties and municipalities to levy property taxes for their respective purposes. The list is specific. The last clause still leaves an approval path for expenditures a county officer or a governing body approves, unless general law prohibits them. School districts are named in Section 9(a)(1) as governments that shall be authorized to levy ad valorem taxes. The new use-limit in (a)(2) is written for counties and municipalities.

A larger local exemption is a later step

The resolution requires the Legislature, by general law, to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the amount of assessed value exempt from taxation under the homestead paragraph, up to all remaining assessed valuation. The booklet says the same thing: a uniform procedure to increase the homestead exemption up to full assessed value. That procedure is assigned to a future general law. The conference says the revenue effect of that full-exemption procedure depends on future legislative action and is unknown, and that aside from that requirement the resolution is self-executing and would first affect the 2027 roll.

A special district may, upon approval by referendum of the electors of the district, increase the exempt amount for its own levy up to all remaining assessed valuation. The Legislature must provide, by general law, how the referendum is called, how often it may be held, which may not be more than once in a 12-month period, and the ballot statement. An approved increase takes effect on the January 1 immediately after the referendum. The district may then adjust that approved amount annually for positive CPI change. None of those local steps occurs unless Amendment 3 is approved and unless the local government or the district later acts.

The conference’s revenue figures, if the amendment passes

On July 10, 2026, the Revenue Estimating Conference adopted a zero / negative indeterminate impact, because the joint resolution proposes an amendment to be submitted to the voters. If the amendment does not pass, the conference says the impact is zero. If it is approved, the conference adopted a quantified impact for the pieces it calls self-executing: the new homestead exemption and the non-homestead assessment limit. School impact in that table is 0.0 in every year. Non-school local revenue, in millions of dollars, is the column that moves.

Statewide non-school figures in the adopted table, cash and then recurring:

• 2026–27: cash 0.0, recurring (11,834.7)
• 2027–28: cash (4,929.5), recurring (11,834.7)
• 2028–29: cash (8,714.5), recurring (11,834.7)
• 2029–30: cash (9,647.9), recurring (11,834.7)
• 2030–31: cash (10,710.2), recurring (11,834.7)

Parentheses are the conference’s sign for a reduction. The first cash year with a number other than zero is 2027–28, which lines up with a January 1, 2027 effective date on the 2027 tax roll and with taxes from that roll collected in the following local fiscal year. The recurring column is the conference’s longer-run annual figure, printed as $11,834.7 million of non-school local revenue. The House final analysis rounds the same conference to about $4.95 billion of cash impact in fiscal year 2027–28, about $8.78 billion in fiscal year 2028–29, and about $11.86 billion recurring. This page uses the conference table’s own millions.

The adopted county pages use the same columns: school cash, school recurring, non-school cash, non-school recurring, then total. School is 0.0 on every row below. Non-school cash in fiscal year 2027–28, and the recurring non-school figure, in millions of dollars:

• Hernando: cash (38.5), recurring (76.9)
• Citrus: cash (38.3), recurring (67.4)
• Pasco: cash (158.2), recurring (364.9)
• Hillsborough: cash (342.0), recurring (942.0)
• Pinellas: cash (269.3), recurring (561.4)

Non-school cash in fiscal year 2028–29, when the conference has the $250,000 exemption in the model, in millions:

• Hernando: (61.5)
• Citrus: (58.1)
• Pasco: (276.1)
• Hillsborough: (616.2)
• Pinellas: (456.9)

These rows are countywide local revenue, county government plus municipalities plus special districts in that county’s non-school total, as the conference built it from the 2025 tax roll, millage, and the Ad Valorem Estimating Conference. They are the sum of many parcels and many millage rates. A Spring Hill homestead, a Weeki Wachee second home, a Wesley Chapel rental, a Clearwater condo that is not homesteaded, or a Tampa flex building is one parcel inside that county total. The conference says its method can undershoot the homestead impact unless implementing language updates the statute that lets the second exemption reach certain contiguous property. It also builds an offset for in-migrants who would receive the smaller exemption, using Census American Community Survey migration counts and stated assumptions about household size and how many newcomers homestead. Those are conference assumptions. They are a reason to read the county row as an estimate of local revenue, and to read a single parcel off the property appraiser’s roll.

How an owner uses this on a local roll

A homestead owner in Hernando, Citrus, Pasco, Hillsborough, or Pinellas who maintained a Florida permanent residence on December 31, 2026, and who already qualifies for homestead, is the person the $150,000 / $250,000 non-school schedule describes. The school line on that bill continues to use $25,000. The Save Our Homes assessed-value limit continues at the lower of 3 percent or CPI. The non-school exemption is the piece that steps up in 2027 and again in 2028, then moves with positive CPI beginning in 2029. Whether the entire non-school taxable value disappears depends on whether assessed value is under the exemption. Assessed value is the appraiser’s number after Save Our Homes, which on a long-held homestead can be far from what a buyer would pay. Just value and assessed value answer different questions, and the exemption applies to assessed value.

An owner who buys a Florida homestead after this election, and who had not maintained a Florida permanent residence on December 31, 2026, is in the resolution’s fifth-year schedule: $25,000 for school levies, $50,000 for other levies until the fifth year of the exemption, then the inflation-adjusted $250,000 amount. The booklet calls the early years the existing homestead exemption. The resolution states the $50,000 non-school figure. The property appraiser’s determination of residency on that December 31 date is the fact that chooses the schedule. A county or city may, beginning in 2030 and by a two-thirds vote, decide that a shorter wait is warranted for a critical local need. Until that vote exists, the five-year text is the text.

A second home, a rental of nine or fewer units, and other non-homestead real property that is not in the agricultural or conservation classification sit under the assessment cap, for non-school levies. Beginning with the January 1, 2027 assessment, that cap is 5 percent of the prior assessment, and the assessment still may not exceed just value. The prior cap in the resolution’s stricken language is 10 percent. School levies on that property stay outside the cap, as they are outside the 10 percent cap today. A change of ownership returns subsection (g) property to just value. Someone buying a rental in Brooksville or a condo in St. Petersburg is buying the reset, and then living with the 5 percent non-school limit in later years. Someone who already owns the rental is the person the slower annual increase describes, until a change of ownership.

Commercial property in subsection (h) follows the same non-school percentage, with the qualifying-improvement and change-of-ownership rules the legislature is told to spell out. A flex building, a small retail bay, or a warehouse falls under that assessment cap. The homestead exemption is the separate rule for a permanent residence, and the millage remains the rate the local board adopts. Local market files for that side of the roll stay on their own pages: the Hernando commercial overview, the Pasco commercial overview, and commercial buying. Residential street files stay residential: the Hernando market update, the Citrus overview, the Pasco overview, the Hillsborough overview, and the Pinellas overview.

A down-payment program is a different Florida Housing file. Hometown Heroes is occupation-based assistance on a purchase. It does not change the homestead exemption or the non-homestead cap. A written loan quote sits on the mortgage page. The Florida home buying guide is the purchase process. Residential buying and home selling are where a specific address gets read against the roll.

What the property appraiser still decides

The amendment tells the appraiser which exemption amount and which percentage cap to apply. It leaves the annual work where it is. Just value as of January 1, homestead qualification, the December 31, 2026 residency fact for a newer arrival, a change of ownership, a qualifying improvement, and whether nine or fewer residential units puts a parcel in subsection (g), are appraiser determinations under the constitution and general law. An appraisal for a sale, a refinance, or an estate is a separate opinion of value. It can use the tax roll as one input. The tax roll remains the property appraiser’s assessment. Taxable value after an exemption is the figure the millage multiplies. Market value for a sale can sit closer to just value than to a long-capped assessed value.

Trim notices and the November tax bill will show the lines. Until the 2027 roll exists, the notice in hand is the current roll: the $25,000 exemption on every line that receives it, the inflation-adjusted additional non-school exemption the Department of Revenue and the conference describe for 2025 and 2026, and the 10 percent non-homestead cap on non-school assessments. The amendment’s figures arrive on the roll dated January 1, 2027, and only if the measure is approved.

The through-line

Amendment 3 is the November 3, 2026 measure titled Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments. For non-school taxes, the booklet and the enrolled resolution put the homestead exemption at $150,000 beginning January 1, 2027, and $250,000 beginning January 1, 2028, with a positive CPI adjustment beginning January 1, 2029. School-district levies stay at $25,000. Owners who had not maintained a Florida permanent residence on December 31, 2026, are on the resolution’s $50,000 non-school amount until the fifth year, which is the schedule the booklet describes as the existing exemption followed by the increased exemption. The non-homestead assessment cap for non-school levies moves from 10 percent to 5 percent beginning January 1, 2027, for residential property of nine or fewer units that is not homesteaded and for the other real property subsection (h) covers. The homestead Save Our Homes limit remains the lower of 3 percent or CPI. Millage ceilings in Section 9(b) remain, and the rate under those ceilings remains a local adoption. Counties and municipalities would use ad valorem revenue for the purposes Section 9(a)(2) lists, including expenditures their officers or governing bodies approve unless general law prohibits them.

Approval requires 60 percent of the electors voting on the measure, under Article XI, Section 5(e). The effective date written into the amendment is January 1, 2027. If it is not approved, the conference impact is zero and the current exemption and the 10 percent cap remain. If it is approved, the conference’s first statewide non-school cash figure is $4,929.5 million in fiscal year 2027–28, and the recurring non-school figure is $11,834.7 million, with school at zero. Hernando’s non-school cash row in that first year is $38.5 million, against a recurring $76.9 million. Those are local-revenue estimates. The parcel figure is the one the property appraiser prints after the roll exists.

Sources: Florida Division of Elections, Proposed Constitutional Amendments for the General Election (November 3, 2026), booklet updated September 3, 2026, No. 3, ballot title and summary, pages 1 and 12. Florida Department of State, Constitutional Initiatives database, 2026 general election, serial ballot number 3, title Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments, sponsor The Florida Legislature / House (HJR 1F), made ballot June 16, 2026; the record’s financial-impact-statement date is blank, and a related link is labeled AG Letter (Title & Summary rewritten). Florida House of Representatives, enrolled CS/HJR 1F (2026F), hjr1f-01-er, Sections 4(d), 4(g), 4(h), 6, and 9, and the Article XII effective date of January 1, 2027; the resolution’s own ballot statement is headed Save Our Homes from Excessive Property Taxes. Florida House final bill analysis h0001z.SAC, June 16, 2026, including the current $25,000 exemption, the additional exemption between $50,000 and $75,000, the 2025 inflation-adjusted value of $25,722, the 3 percent Save Our Homes limit, the 10 percent non-homestead limit, and the statement that approval requires 60 percent of voters at the 2026 general election. Revenue Estimating Conference, CS/HJR 1F impact, reviewed June 12, 2026 and July 10, 2026, including the 2026 second-exemption amount of $26,411, the $76,411 maximum, the exemption table, and the adopted school and non-school impacts by fiscal year and by county. Florida Constitution, Article XI, Section 5, including subsection (e) (sixty percent of the electors voting on the measure) and subsection (c) (financial impact statement for an initiative amendment). The Florida Channel archives the June 1, 2026 House State Affairs Committee and the June 2, 2026 House session, the meetings at which the joint resolution moved. Those are full committee and floor recordings. The Division of Elections publication for the measure is the booklet. This page uses photographs.

For help reading a Hernando, Citrus, Pasco, Hillsborough, or Pinellas parcel against this roll — homestead, second home, rental, or commercial — contact Bridge Point Business & Real Estate Advisors at 352-515-0226 or request a consultation.