Following the passage of Amendment 3 on November 3, 2026, Florida Governor Ron DeSantis announced plans for a special legislative session to establish procedures for implementing the new constitutional amendment.
Key Details of Florida Amendment 3
- Property Tax Cuts: Approved by voters with over 62% support, the amendment significantly expands homestead property tax exemptions—increasing the non-school exemption from $50,000 to $150,000 in 2027, and $250,000 in 2028.
- Cap Adjustments: It reduces the annual assessment growth cap on non-homestead properties from 10% to 5% starting January 1, 2027.
- Local Spending Rules: The measure restricts how local municipalities and counties can spend property tax revenue, focusing funds strictly on core services like public safety, infrastructure, and education.
Focus of the Special Session
Because the primary changes are scheduled to take effect on January 1, 2027, lawmakers must convene to:
- Establish uniform procedures allowing local governments options to handle or expand exemptions beyond the minimums.
- Create statutory frameworks for local government spending compliance and address potential revenue shortfalls, particularly for smaller or rural counties.
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