Amendment 3: Save Our Homes from Excessive Property Taxes
Source: floridaelectionwatch.gov
What does this measure do?
Supports: Cost of Living Reduction
Florida would exempt the first $150,000 of a main home's value from non-school property taxes in 2027, rising to $250,000 in 2028, and limit yearly taxable-value increases on other property to 5%. Homeowners would pay less, and local governments would lose about $11.9 billion a year.
Read the official ballot measure (PDF)
Proposed by: Florida Legislature (House Joint Resolution 1-F, 2026 special session, Rep. Toby Overdorf)
Rep. Overdorf is a Republican from House District 85 (Martin and St. Lucie counties). It passed 75-26 in the House and 30-9 in the Senate in a June 2026 special session.
Source: flsenate.gov
A YES vote means
Homeowners get a much larger tax break on their main home, yearly taxable-value increases on other property are capped at 5%, and new limits apply to how local governments use property taxes.
A NO vote means
Today's smaller homeowner tax break, the 10% cap on other property, and current local spending rules would stay.
Campaign Finance Information
Campaign Finance Information
Largest donors supporting
- Florida RealtorsState real estate agents trade group$14,000,000
Largest donors opposing
- Florida Association of Special DistrictsTrade group for local special taxing districts$100,000
- Dean Ringers Morgan and LawtonOrlando law firm$10,000
- Johnson Anselmo Murdoch Burke Piper & Hochman, PAFort Lauderdale law firm$10,000
- Orlando PACPolitical committee funded by companies and executivesIts top donors: Daniel DeVos (executive); HNTB Holdings Ltd PAC (engineering firm); Avanti Capital, LLC (investment firm)$10,000
- The Florida Recreation and Park Association, Inc.Parks and recreation professionals group$5,000
Filings as of September 17, 2026 · Sources: dos.elections.myflorida.com2
Sources: constitutionalinitiatives.dos.fl.gov · flsenate.gov2
Source: miamidade.gov