FLORIDA VOTERS APPROVE MAJOR PROPERTY TAX CUTS — Florida voters have approved Amendment 3

FLORIDA VOTERS APPROVE MAJOR PROPERTY TAX CUTS — Florida voters have approved Amendment 3, expanding the homestead property tax exemption for primary residences from $50,000 to $150,000 in 2027 and $250,000 in 2028. The measure, which takes effect January 1, 2027, could significantly lower homeowners’ property tax bills but does not affect school property taxes. It also limits annual assessment increases on non-homestead properties to 5%