Overview
- The measure would raise the non‑school homestead exemption to $150,000 in 2027 and $250,000 in 2028 and cut the annual assessment‑growth cap on non‑homestead property from 10% to 5%.
- State economists estimate roughly $5 billion in lost local non‑school property tax revenue in the first year and about $11.9–$12 billion annually once fully phased in.
- Late‑October polling and ballots already cast show support near the mid‑40s percent, far short of the 60% supermajority needed for a constitutional amendment.
- Sheriffs, firefighters, school board members, hospitals and local nonprofits warn the revenue drop could force cuts to deputies, firefighters, school resource officers, after‑school programs and hospital services in many counties.
- The campaign is dominated by Realtor‑backed spending and backed by Gov. Ron DeSantis, who has promised targeted state grants for hard‑hit "bedroom" communities if the amendment passes but legislative action would be required to provide that aid.