Florida property tax $250,000 exemption proposal receives 62% support in unofficial count

Florida voters approved constitutional Amendment 3, which raises the homestead property tax exemption from $51,411 to $150,000 in 2027 and to $250,000 in 2028, with later inflation adjustments, according to unofficial results showing about 62% support—above the 60% threshold required for constitutional amendments. The measure, detailed in guidance from the Florida Chamber of Commerce and Florida TaxWatch, would sharply reduce the taxable value of primary residences and could pressure local government revenues that rely on property taxes. Watch for official certification of the result and for how counties and municipalities adjust budgets or millage rates to offset the exemption's fiscal impact.