Property TaxesTop story
Amendment 3 passed, and Broward homeowners with a homestead exemption don't need to do anything
Broward's homestead exemption climbs from $50,000 to $250,000 by 2028
Sources: CBS Miami, WPLG Local 10
View as table
| Value | |
|---|---|
| Existing | $50,000 |
| 2027 | $150K |
| 2028 | $250K |
If you already have a homestead exemption, Amendment 3 needs nothing from you. Broward County Property Appraiser Marty Kiar said his office will adjust the numbers itself, and your exemption goes "from $50,000 to $150,000." The amendment raises the exemption to $150,000 in 2027 and $250,000 in 2028. Broward residents should get a letter in the mail in January.
- Dec. 31: new Florida residents must establish residency
- Jan. 1: make it your primary residence, or wait a year
- Extensions to submit applications: available through September
Don't expect savings right away. Palm Beach County Property Appraiser Dorothy Jacks says higher amounts first show up on August 2027 notices, and you won't see the savings until the end of 2027. Tax bills aren't eliminated, and the amendment also lowers the cap on assessed-value increases for rentals, second homes and commercial properties from 10% to 5% for non-school taxes. Cities and counties will see less revenue, and Gov. Ron DeSantis has said he'll call a special session on handling it.
Amendment 3 deadlines and the first savings are spread over about a year
- Dec. 31New Florida residents must establish residency to skip a five-year wait
- Jan. 1Existing residents and first-time applicants must have the home as their primary residence
- Aug. 2027Notices in Palm Beach County show the higher homestead amounts
- Sept.Extensions to submit applications run through September
