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Florida voters will decide in November whether to substantially expand the state’s homestead exemption, a proposal that has fueled an ongoing debate over affordability and how local governments pay for essential services.
Amendment 3 would increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments thereafter. The proposal would also lower the annual assessment cap for non-homestead property from 10% to 5%.
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