Analysis raises questions about Amendment 3’s impact on Florida renters

Amendment 3 in Florida proposes increasing the homestead exemption on non-school property taxes to $150,000 in 2027 and $250,000 in 2028, potentially lowering property taxes for homeowners. However, a study suggests local governments might raise tax rates to offset revenue losses, possibly increasing annual property-tax bills for renters by hundreds of dollars. The amendment also reduces the assessment cap on non-homestead properties from 10% to 5%, which could help stabilize costs for rental owners.