Jacksonville, Fla. – Florida TaxWatch, the state’s non‑partisan government‑accountability institute, released its voter guide for the November 3, 2026 ballot and urged Floridians to vote “no” on Amendment 3. The amendment would raise the homestead property‑tax exemption from $50,000 to $150,000 in 2027 and to $250,000 in 2028, while reducing the annual assessment cap for non‑homestead properties from 10% to 5%.
Why TaxWatch opposes the measure
In its analysis, TaxWatch argues the proposal would worsen an existing imbalance in the state’s property‑tax system. “Florida’s property‑tax system already shifts billions in property taxes from homesteads to non‑homestead property,” the group wrote. “This proposal would worsen this inequity, even with the reduction in the non‑homestead cap.”
TaxWatch also highlighted the impact on local governments, especially in rural counties and small towns that rely on property‑tax revenue to fund essential services. The organization warned that without “guardrails” to curb local spending, any loss of homestead revenue could be passed on to non‑homestead owners or replaced with new fees and assessments.
Local officials echo concerns
Several county and municipal leaders have publicly opposed Amendment 3, saying it would undercut their ability to maintain roads, public safety, and other basic services. They note that property taxes have risen sharply in recent years—doubling over the past decade with nearly 40% growth in the last three years alone.
“If guardrails are not put in place to curb local government spending, any reduction in homestead property‑tax revenue will simply be passed on to non‑homestead property owners or replaced with other taxes, fees and assessments,” TaxWatch warned.
TaxWatch’s broader ballot recommendations
While recommending a “no” vote on Amendment 3, TaxWatch supported the other two statewide constitutional amendments on the 2026 ballot. Amendment 1, which would increase the cap on the state’s budget‑stabilization fund from 10% to 25% of the prior year’s general‑fund revenue, received a “yes” recommendation. Amendment 2, which would exempt qualifying equipment and other tangible personal property on agricultural land from taxation, also earned a “yes.”
“Floridians deserve the facts before making decisions shaping the future of our state,” said Florida TaxWatch Board Chairman David Casey. “Our role is not to tell voters how to vote, but to provide information in helping voters make informed decisions.”
Florida TaxWatch President and CEO Jeff Kottkamp, a former lieutenant governor, added, “Voters need to ask whether this belongs in the Constitution, or whether the Legislature should decide if it should be in statute. The Constitution should, above all else, clearly define the relationship between government and those that are governed.”
What’s at stake
Amendment 3 requires a 60% supermajority to pass. If approved, the increased homestead exemption could reduce local revenue streams, forcing counties and cities to either cut services or raise other taxes. Opponents argue the measure favors wealthier homeowners while placing a heavier burden on renters, small‑business owners, and non‑homestead property owners.
Supporters of the amendment contend that expanding the homestead exemption provides needed relief to families struggling with rising living costs. However, TaxWatch maintains that relief should be balanced across all property owners to preserve the fiscal health of local governments.
Voters can review the full analysis and voting guide on the Florida TaxWatch website ahead of the November election.
Original reporting: Jacksonville Today — read the source article.
