Amendment 3 passed. How much less will you pay?

The 2027 tax bill, mailed in November 2027, is the first with the $150,000 exemption; the 2028 bill is the first with $250,000. If your taxes are paid through escrow, your loan servicer recalculates your monthly payment at its yearly escrow review after the new bill. If that review finds a surplus of $50 or more and your payments are current, the servicer generally has to refund it within 30 days.

Usually not. When a home sells, its assessed value resets to market value on the next January 1, so the seller's Save Our Homes savings don't come with the house. Pick "I'm buying" above to see your own bill. If you are selling a Florida homestead, portability can bring up to $500,000 of your savings with you.

Once you have homestead, your assessed value can rise at most 3% a year (or the inflation rate, if lower), even when market values jump. The gap between market and assessed value is value you don't pay tax on. It stays while you own the home, and portability lets you move up to $500,000 of it to your next Florida homestead if you buy within 3 years.

Florida law allows homestead for non-citizens who in good faith make the home their permanent residence, but not for someone here on a temporary visa (Florida Rule 12D-7.007). In practice, many county property appraisers ask for U.S. citizenship or a green card on January 1; Miami-Dade's 2026 requirements say exactly that. So if you are waiting on your green card (for example, a Cuban Adjustment case), you usually pay taxes like a second home until it arrives: pick "Rental or second home" above to see that bill. Once you have it and live in the home on January 1, apply by March 1. That year the assessed value starts at market value and the exemption applies; pick "I'm buying" with today's value and that year to see it. Some counties may accept other long-term statuses, so ask your property appraiser first. Already living in Florida? Keep proof you lived here on December 31, 2026 (lease, Florida ID, utility bills): it can decide whether you get the full exemption or $50,000 for your first four years. Questions about your immigration status are for an immigration attorney.

If you already have homestead, the new amount attaches to it: check your TRIM notice in August 2027. If you don't have homestead yet, you must own and live in the home on January 1 and apply with your county property appraiser by March 1 of that year.

The State's Save Our Homes estimator takes the $250,000 off school taxes too: homes under $250,000 show a tax of $0 there. The amendment voters approved keeps school taxes on the $25,000 exemption, so you keep paying them. This calculator shows both numbers side by side.

The amendment lowers how much of your home is taxed. Counties, cities and districts still set their rates every year, and some may raise them to make up for lost revenue, so the real drop can be smaller. It also limits what counties and cities can spend property taxes on: public safety, schools, roads and other infrastructure, natural resources, debt, employee pensions, and running local government.

Yes. The amendment asks the Legislature to set one uniform way for counties and cities to raise the exemption for their own taxes, up to the home's full value. Special districts can do the same if their voters approve it.

Only the escrow part (taxes and insurance), if you have one. A lower tax bill means a lower total monthly payment, and it can also help when you qualify for a loan, because lenders count taxes in your housing payment.

Homestead exemptions are only for your permanent residence. What changes for you: from 2027 the assessed value used for non-school taxes can rise at most 5% a year instead of 10%. After a sale it resets to market value, the same as today. Pick "Rental or second home" above to see it year by year.