Overview
- Realtor.com economists have circulated an estimate that cutting recurring property costs can be capitalized into home prices, and their model showed a 7%–9% immediate rise in Florida home values if taxes were fully eliminated.
- State budget analysts at the Revenue Estimating Conference project that Amendment 3 would cut local non-school property tax revenue by roughly $5 billion in its first year and about $11.8 billion annually after it is fully phased in.
- A McLaughlin & Associates poll commissioned by Associated Industries of Florida found that after voters heard the amendment’s full language support fell to 53%, short of the 60% needed for passage.
- Florida Realtors has poured heavy funding into the campaign, reporting an $18 million contribution to Vote Yes on 3, and the group says the measure will save the average homeowner about $1,000 in 2027 and $1,800 in 2028.
- Local officials and residents at recent town halls warned that the revenue drop could force cuts to public safety, youth programs and other services or push counties toward higher fees and sales taxes, with county-level studies showing large shortfalls such as a projected $445 million hit in Miami-Dade.