No. If you already receive a Homestead Exemption and meet the eligibility requirements under Amendment 3, the increased exemption will be applied automatically to your property beginning with the 2027 tax year. You do not need to submit a new application, call our office, or take any additional action solely because Amendment 3 passed. If you are applying for Homestead Exemption for the first time, you must still complete the application process and meet the applicable eligibility requirements. As always, we encourage property owners to review their property records and annual TRIM Notice to ensure their information and exemptions are accurate.

No. Amendment 3 takes effect January 1, 2027, and will not change your 2026 property tax bill. The changes will first be reflected on August 2027 TRIM Notices and November 2027 property tax bills.

Under Amendment 3, homeowners who were Florida residents by December 31, 2026, and meet the requirements for Homestead Exemption may qualify for the increased exemption.* Different eligibility requirements apply to individuals who were not Florida residents by December 31, 2026. Under the amendment, these individuals would initially receive the existing homestead exemption upon qualifying, with eligibility for the increased exemption beginning in the fifth year of receiving Homestead Exemption.
*The amendment's residency provisions are subject to federal constitutional requirements and may be affected by future legislation, legal challenges, or court decisions. Additional guidance will be provided as implementation details become available.

If you were a Florida resident by December 31, 2026, but purchased your first home in 2027, you may qualify for the increased Homestead Exemption, provided you meet the applicable eligibility requirements. You must apply for Homestead Exemption on your new property.

Under Amendment 3, individuals who were not Florida residents by December 31, 2026, are subject to different eligibility requirements. Upon qualifying for Homestead Exemption, these homeowners initially receive the existing exemption, with eligibility for the increased exemption beginning in the fifth year of receiving Homestead Exemption. Additional guidance may be issued from the Florida Legislature concerning residency documentation and eligibility requirements.

No. Amendment 3 does not eliminate property taxes. School taxes and non-ad valorem assessments are not reduced by the increased homestead exemption. The increased homestead exemption applies only to non-school property taxes. The first $25,000 of assessed value remains exempt from school taxes for qualifying homestead properties. School taxes will continue to appear on most property tax bills.

No. Save Our Homes remains in effect. It limits annual increases in the assessed value of qualifying homestead property to the lower of 3% or the change in the Consumer Price Index (CPI). The Save Our Homes assessment limitation is separate from the homestead exemption.

Amendment 3 does not eliminate portability. Eligible homeowners may continue to transfer qualifying Save Our Homes benefits when establishing a new homestead, subject to existing eligibility requirements and deadlines. You will still need to establish Homestead Exemption on your new property. Save Our Homes and portability remain separate from the increased homestead exemption.

Amendment 3 does not eliminate these exemptions. However, the increased homestead exemption may reduce or eliminate the additional tax savings provided by some exemptions, depending on the property's taxable value and which taxes the exemptions apply to. Homeowners who currently receive additional exemptions do not automatically lose their eligibility because Amendment 3 passed.

For Commercial property owners, investors, those with second homes or any other non-homestead properties, Amendment 3 reduces the annual assessment limitation for qualifying non-homestead properties from 10% to 5%. This means the assessed value of qualifying non-homestead property generally cannot increase by more than 5% annually, even if its market value increases by a greater amount. The limitation applies to non-school taxes. It does not cap tax rates or guarantee that a property's tax bill will increase by no more than 5%.

Not at this time. The Florida Legislature may adopt implementing laws addressing eligibility, administration, and other requirements associated with Amendment 3. Additional guidance may also be provided by the Florida Department of Revenue and other appropriate state agencies. The Palm Beach County Property Appraiser's Office will provide updates as additional information becomes available. For any exemption questions contact our office at 561-355-2866

For additional information, visit the Florida Department of Revenue, Florida Legislature, or the Florida Department of State.