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Amendment 3: What Changes in 2027 vs 2028 (Florida Timeline)
Amendment 3 timeline: what changes for Florida property taxes on Jan 1, 2027 vs Jan 1, 2028, the new-resident cut-off, TRIM season and budget hearings.
| Date | What happens | Source |
|---|---|---|
| Nov 3, 2026 | Amendment 3 passes (about 62%) | Alligator |
| Dec 31, 2026 | Cut-off: residents by this date qualify for the larger exemption in 2027 | PCPAO |
| Jan 1, 2027 | Non-school exemption up to $150,000; 5% non-homestead cap; new residents start at $50,000 | PCPAO, FAC |
| Aug 2027 | TRIM notices show proposed millage and assessments for FY 2027-28 | Florida TRIM law |
| Sept 2027 | Budget hearings adopt FY 2027-28 rates; first year of revenue loss ($4.93B statewide) | TaxWatch |
| Jan 1, 2028 | Non-school exemption up to $250,000; new-resident $50,000 CPI-adjusted | PCPAO |
| FY 2028-29 | Statewide loss rises to an estimated $8.71B | TaxWatch |
| Jan 1, 2029 | $250,000 exemption indexed to inflation | PCPAO |
2027 vs 2028 on a $300,000 homestead
| 2026 | 2027 | 2028 | |
|---|---|---|---|
| Non-school exemption | $51,411 | $150,000 | $250,000 |
| Non-school taxable | $248,589 | $150,000 | $50,000 |
| School taxable | $275,000 | $275,000 | $275,000 |
Illustrative math from the rules above; same result as the Village of Palm Springs example.
Frequently asked questions
What changes in 2027?
The non-school homestead exemption rises to up to $150,000 on Jan 1, 2027, the non-homestead cap drops to 5%, and the new-resident rule starts for people establishing residency on or after that date.
What changes in 2028?
The non-school exemption rises to up to $250,000 on Jan 1, 2028, and the $50,000 new-resident exemption begins CPI adjustment.
When does inflation indexing start?
Jan 1, 2029, for the $250,000 exemption.