As Florida voters prepare to decide on three constitutional amendments this November, one measure has come to dominate the political conversation across the peninsula: Amendment 3.
The proposal would raise the state’s homestead exemption from $50,000 to $250,000 of taxable value by 2028 — an unprecedented property tax reduction that could reshape how local governments are funded.
The proposed amendment, which requires 60% voter approval to pass, has split Miami-Dade’s top government leaders. County Mayor Daniella Levine Cava strongly opposes the measure, while County Commissioner Roberto J. Gonzalez supports it.
If Amendment 3 passes, nearly $12 billion in property tax revenue could be lost statewide. For Miami-Dade County alone, Levine Cava estimates the loss at $378 million in the first year and nearly $700 million in the second…