Calculator allows individuals to see the fiscal effects in their areas if Amendment 3 passes

Ahead of a November vote on Amendment 3, which would raise Florida's homestead property tax exemption to $150,000 in 2027 and $250,000 in 2028, several groups have built calculators letting residents estimate the impact. The Florida Policy Institute's version shows projected revenue losses to county and municipal services, while sites like MyExemptionCheck.com and Florida TaxWatch estimate individual homeowner savings.

The amendment would also lower the assessment growth cap for non-homestead properties from 10% to 5% and require new Florida residents to wait five years for the full exemption. Local elected officials across the state oppose the measure over reduced revenue for services.

A state-run calculator unveiled by Gov. Ron DeSantis in May was rendered inaccurate after the Legislature later removed school taxes from the proposal, prompting a Jacksonville appraiser and his son to build their own corrected version.

The full dispatch is available from the source below.