Florida Amendment 3 passed on November 3, 2026, and it is the biggest Florida property tax change in years. 🏠 If you own a home in Florida, plan to buy one, or advise people who do, there's a deadline you need to know: December 31, 2026. In this video I break down: ✅ The new homestead exemption on non-school property taxes: $150,000 in 2027 and $250,000 in 2028, adjusted for inflation after that ✅ Why school taxes still use the existing $25,000 exemption ✅ The new 5% annual assessment cap on non-homestead property (second homes, rentals, commercial), down from 10% ✅ The December 31, 2026 residency deadline, and what happens if you miss it ✅ What this means for buyers relocating to Florida, investors, realtors, and real estate attorneys Moving to Florida? Under Amendment 3, if you aren't a Florida resident by December 31, 2026, you first receive the current exemption. The bigger exemption doesn't start until your fifth year of homestead. If you've been on the fence about relocating or buying a primary residence, the clock is running. Your county property appraiser and a real estate attorney can confirm what establishes residency in your situation. Realtors and attorneys: send this to clients who are relocating, buying a primary home, or holding Florida rentals and second homes. 💬 Comment HOMESTEAD and I'll reach out to talk through financing a Florida primary residence before the deadline. 📈 Get my rate updates: https://truebluelending.net/rates#subscribe 🔔 Subscribe for straight talk on mortgages, Florida real estate, and the rules that move your money. This video is for educational purposes only and is not tax or legal advice. Exemption eligibility is determined by your county property appraiser. Jesse Gonzalez, NMLS #278103 True Blue Lending Corporation, NMLS #2380218 Licensed in California and Florida Equal Housing Opportunity #FloridaAmendment3 #HomesteadExemption #FloridaPropertyTax
