# Florida Homestead Exemption Boosts Property Tax Relief

> Florida voters approved a homestead exemption increase to $250,000 by 2028, reducing property tax bills for homeowners.
- Title: Florida Homestead Exemption Boosts Property Tax Relief
- Summary: Florida voters approved a homestead exemption increase to $250,000 by 2028, reducing property tax bills for homeowners. Florida voters approved Amendment 3…
- Keywords: florida, homestead exemption, property tax, amendment 3, non-school property taxes, florida homeowners, property tax relief, Kiplinger
- Source: Kiplinger — https://kiplinger.com/taxes/what-the-new-florida-homestead-exemption-means-for-property-tax-bills
- Published: 2026-11-04T14:17:00+00:00
- Read time: 1 min
- Topics: florida, homestead exemption, property tax, amendment 3, non-school property taxes, florida homeowners, property tax relief
## Voter Approval
Florida voters approved Amendment 3 by 62% on November 3, 2024, setting the stage for a larger homestead exemption.

> According to the Associated Press (the threshold to pass was 60%)
## Exemption Increase Timeline
The homestead exemption increases from $50,000 to $150,000 in 2027, then to $250,000 in 2028, rising with inflation from 2029.
## Qualification Rules
Homeowners maintaining Florida residency by December 31, 2026, qualify for the full exemption; others receive the existing $50,000 exemption adjusted for inflation.
## Non-School Tax Impact
The exemption shields $250,000 of a $400,000 home's assessed value from non-school property taxes, leaving $150,000 subject to those taxes.
## Local Government Concerns
Amendment 3 could cut local property tax revenue by nearly $5 billion in 2027-28, rising to $8.8 billion by 2028-29.
## Renters and Exemptions
Renters do not qualify for the homestead exemption, which applies only to owner-occupied homes.
## Future Changes
Counties may shorten the waiting period for the exemption if they determine there is a critical local need starting in 2030.
## Key takeaway

Florida voters approved Amendment 3 to raise homestead property tax exemption from $50,000 to $250,000 by 2028, cutting non-school property taxes.