Florida Homeowners Can Calculate Potential Property Tax Savings Under Amendment 3

MIAMI (VINnews) — Florida homeowners can now use an online calculator to estimate how much they could save on property taxes after voters approved Amendment 3, a constitutional measure that significantly expands the homestead exemption for primary residences.

The calculator, available through the state’s Save Our Homes website, allows homeowners to enter their property address and view estimates of their potential tax savings under the new exemption.

Gov. Ron DeSantis announced the website in May as part of his push to reduce property taxes for Florida homeowners.

Under Amendment 3, the homestead exemption for non-school property taxes will increase to $150,000 in 2027 and $250,000 in 2028. The changes apply to qualifying primary residences and do not reduce school district property taxes.

For example, a homeowner with a property assessed at $400,000 would have only $150,000 of its value subject to non-school property taxes once the $250,000 exemption takes effect in 2028.

The calculator uses 2025 property tax figures to estimate how much homeowners could save annually. Results will vary based on property values, local tax rates and eligibility for the homestead exemption.

Florida voters approved Amendment 3 on Tuesday, Nov. 3, with approximately 62% voting in favor, exceeding the 60% threshold required for constitutional amendments.

The expanded exemption is scheduled to take effect Jan. 1, 2027. Florida residents as of Dec. 31, 2026, may qualify for the increased exemption if they meet the applicable requirements. Those who establish Florida residency after that date generally must wait until their fifth year of receiving a homestead exemption to qualify for the expanded benefit.

The measure also reduces the annual cap on assessed-value increases for non-homestead properties, including rental homes and second residences, from 10% to 5%.

While the amendment is expected to lower tax bills for eligible homeowners, local governments have warned that reduced property tax collections could affect funding for public safety, infrastructure and other municipal services.

Homeowners can access the state calculator at the Save Our Homes website by entering their property address.