Pinellas County’s property appraiser estimates that a homeowner who receives the full exemption would save about $1,203 in 2027 and $2,423 in 2028 if Florida voters approve Amendment 3 on November 3. The figures are illustrations rather than tax bills, built on the county’s 2025 average non-school tax rate and on the assumption that no local government changes its rate. The amendment needs approval from at least 60 percent of voters to pass. Orange County, meanwhile, puts its own lost revenue from the same change at $165 million in 2027.
How the $1,203 and $2,423 are calculated
The estimates start from the homestead exemption in place today: up to $51,411 for the 2026 tax year, made up of $25,000 that applies to every property tax and $26,411 that applies only to non-school taxes. Amendment 3 would raise the non-school amount to as much as $150,000 starting January 1, 2027, and to as much as $250,000 starting January 1, 2028. Subtracting the current amount leaves an added $98,589 of exempt value in 2027 and $198,589 in 2028.
Applying the county’s 2025 average non-school rate of 12.2011 mills to those added amounts produces the appraiser’s estimates of about $1,203 and $2,423. A mill is $1 of tax for every $1,000 of taxable value. The sample assumes the property receives the full exemption, that no taxing authority changes its rate, that inflation adjustments have not started and that special assessments billed separately stay out of the math. The page adds that actual savings vary by taxing district, assessed value and the Save Our Homes benefit, the existing limit on yearly increases in a homestead’s assessed value…