Florida’s homestead exemption already shields part of a primary residence from property tax, but the number most people carry around in their head, $50,000, is out of date, and it is about to get a lot bigger if voters approve a ballot measure this November. This calculator shows what the homestead exemption is actually worth on a home in Orange, Osceola, Seminole, Lake, or Polk County today, and what it would be worth in 2027 and 2028 if Amendment 3 passes.
Short version: Florida’s current homestead exemption is worth $51,411 in reduced taxable value for 2026, a $25,000 piece that applies to every tax on the bill including school taxes, and a $26,411 piece, adjusted every year for inflation, that only applies to non-school taxes. A ballot measure heading to voters on November 3, 2026, Amendment 3, would replace that second piece with a flat $150,000 exemption in 2027 and $250,000 in 2028, still non-school only. Nothing changes unless voters approve it. This tool estimates your annual bill under both the current rule and the proposed one.
Estimates cover county, school district, and water management district millage for unincorporated areas only, using each county’s 2025-26 final adopted rates. City millage and non-ad valorem assessments such as CDD fees, solid waste, and stormwater charges are not included and can add several hundred to several thousand dollars a year. The Amendment 3 scenarios assume the measure passes as written on the November 3, 2026 ballot and that current millage rates hold, neither of which is guaranteed. Confirm your exact address with your county property appraiser’s own tax estimator.
How this is calculated
Florida's homestead exemption comes in two pieces. The first $25,000 of assessed value is exempt from every tax on the bill, school included. A second piece, $26,411 for 2026 after years of inflation adjustments, applies only to the assessed value between $50,000 and $76,411, and only reduces non-school taxes. Above $76,411 of assessed value, the exemption stops growing, so the dollar savings from homesteading is the same whether the home is worth $300,000 or $900,000, it is the tax bill without the exemption that keeps climbing.
Amendment 3 would replace that second, capped piece with a flat exemption, $150,000 in 2027 and $250,000 in 2028, still non-school only. Below those thresholds, the exemption simply equals the home's value, which is why a mid-priced home can see its non-school tax bill approach zero under the 2028 scenario while a higher-value home only sees a partial reduction.
Millage figures come from each county's 2025-26 final adopted rates as certified by the county property appraiser, split into school and non-school portions. These are unincorporated-area rates. A property inside a city, or covered by a CDD, fire district, or other special assessment, will owe more.
Frequently Asked Questions
Up to $51,411 in reduced taxable value: $25,000 that applies to every property tax on the bill, including school taxes, plus an additional $26,411 that applies only to non-school taxes. That additional amount is adjusted every year for inflation.
Amendment 3 (HJR 1-F) is a constitutional amendment on the November 3, 2026 ballot that would replace the current non-school exemption with a flat $150,000 in 2027 and $250,000 in 2028. It needs 60% voter approval. It would not eliminate property taxes. School district taxes still apply beyond the standard $25,000 exemption either way, and non-ad valorem assessments like CDD fees are untouched regardless of the outcome.
No. The estimates use county, school district, and water management district millage for unincorporated areas only. A property inside city limits, or covered by a CDD, fire district, or other special assessment, will owe more than what is shown here. Check your specific address with your county property appraiser for an exact number.
The first phase would apply starting January 1, 2027, first showing up on TRIM notices that August and tax bills that November. The second phase, the full $250,000 exemption, would apply starting January 1, 2028.
No. This calculator estimates a first-year purchase, so it uses just/market value as the assessed value. An existing homeowner's assessed value may already sit well below market value under the Save Our Homes cap, 3% or the CPI, whichever is lower, which reduces their bill further no matter which exemption scenario applies. Amendment 3 does not change Save Our Homes or portability.
Sources:
https://www.flsenate.gov/Laws/Statutes/2025/0196.031
https://www.pcpao.gov/amendment3
https://floridarevenue.com/property/documents/pt113.pdf
https://ocpaimages.ocpafl.org/api/Content/GetContentDynamicFile?contentFileID=416846
https://www.property-appraiser.org/wp-content/uploads/2025/10/2025-Final-Millage-Rates.pdf
https://files.scpafl.org/files/Public/MILLAGERATES/SeminoleCoMillageRates.pdf
https://www.lakecopropappr.com/pdfs/2025/Tax%20Roll/2025MillageSheet%20-%20ADA.pdf
https://www.polkflpa.gov/Downloads/Files/finalmillage.pdf