Property tax revolt a ‘mixed bag’ beyond Florida amendment win

Voters in Florida approved Amendment 3 on November 4, 2026, with 62% support, surpassing the required 60% threshold. This amendment significantly increases the state’s homestead exemption from $50,000 to $150,000 by 2027 and further to $250,000 in 2028, exempting these amounts from nonschool district property taxes. However, similar measures failed in Wyoming and Oklahoma. Proponents argue that this initiative provides much-needed relief for homeowners who have seen their home values increase since the pandemic, leading to higher tax bills. Critics warn that reducing property tax revenues could force local governments to raise other taxes or cut services. The Florida Legislature’s Revenue Estimating Conference estimated that by 2028, when the new exemption is fully implemented, it will reduce property tax revenue.