Overview
- Three Miami-Dade elected officials publicly expressed support for Amendment 3 while the county mayor warned the measure could cut nearly $390 million in the first year and lead to closures of fire stations and libraries.
- The state’s Revenue Estimating Conference projects roughly $45.8 billion in lost local property-tax revenue over the amendment’s first five years, with independent analyses noting recurring annual losses in the roughly $11–12 billion range once fully phased in.
- Amendment 3 would raise the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028, shrink the non-homestead assessment growth cap from 10% to 5%, and require five years of Florida residency for new arrivals to qualify for the full exemption.
- Multiple new public and private calculators now let homeowners and local governments run county-level estimates of personal savings and revenue losses, making the fiscal trade-offs more concrete for voters and officials.
- Policy responses have been proposed to manage municipal strain if the measure passes, including a Minimum Viable City screening, municipal transition teams, and a proposed one-time $1 billion Municipal Transition Fund to cover restructuring costs.