Amendment 3 passed on November 3, 2026, and Florida homeowners are asking one question: how much will I actually save? This calculator gives you the answer for your own home. It uses the real structure of the new law, a homestead exemption on non school property taxes of $150,000 in 2027 and $250,000 in 2028, with school taxes left unchanged, so your estimate reflects how your tax bill is really built.
Florida Homestead Exemption Calculator
See what Amendment 3 saves you in 2027 and 2028
How this works: today the homestead exemption takes $51,411 off your assessed value for non school taxes and $25,000 for school taxes. Amendment 3 raises the non school exemption to $150,000 in 2027 and $250,000 in 2028, adjusted for inflation after that. School taxes stay exactly as they are, which is why this calculator splits your rate into a school part and an everything else part.
This is an estimate. It holds your assessed value and tax rates steady so you can see the exemption effect on its own. Your real bill will move with your 2027 and 2028 assessed values and with the rates your county, city, and districts set each year. If you become a Florida resident after December 31, 2026, you receive the current exemption first and the increased exemption beginning with your fifth year of homestead.
Want the full picture of what Amendment 3 changes and when? Read our guide to the Amendment 3 results and what voters approved, then see the steps to take now for the 2027 exemption. More Florida homeowner cost guides live in our Florida Homeownership Costs hub. If you are buying or selling a home in South Florida while these changes land, the team at Sunset Realty can walk you through what the new exemption means at closing.
Get the free ebook: download Unlocked Vol 2: The Financial Freedom Playbook for the money moves that pair with your tax savings, including the 30 day sprint and the checklists readers use to put freed up cash to work.