Overview
- Florida Realtors gave $10 million to the Vote Yes on 3 political committee and publicly launched the campaign in early September, providing supporters with the first sizable war chest for the final two months before the vote.
- Amendment 3 would raise the non‑school homestead exemption to $150,000 in 2027 and $250,000 in 2028, index it thereafter, and lower the annual assessment‑growth cap on non‑homestead properties to 5 percent.
- The state Revenue Estimating Conference projects roughly $4.95 billion in local non‑school revenue loss in fiscal year 2027‑28 and about $11.86 billion recurring when fully phased in, and Florida TaxWatch estimates roughly $45.8 billion lost over five years.
- A broad coalition of county officials, law‑enforcement unions, firefighters, the Florida League of Cities and Sierra Club Florida oppose the amendment and say the projected shortfalls could force cuts to policing, fire response, stormwater and other local services or push costs onto residents through new fees or higher taxes on non‑homestead property.
- Public polling shows strong initial support for the measure on simpler ballot language but large drops in support when voters see fiscal‑impact estimates, and the amendment would still need at least 60 percent of the vote to pass.