Amendment 3 can agree on one thing – it would cause fundamental changes in Florida.
The proposed state constitutional amendment would massively expand the state’s homestead exemption for homeowners. The portion of value exempt from property taxes would increase to $150,000 in 2027, $250,000 in 2028 and annually based on inflation from 2029. School taxes would not be affected, and anyone moving to Florida would have to wait five years to qualify for the expanded exemption. Local government spending would also be limited to a handful of state-defined core areas.
Because it is an amendment to the state constitution, at least 60 percent of voters must support it…