How much will Amendment 3 save on my Florida property taxes?

For a homestead (primary residence), Amendment 3 raises the exemption on non-school property taxes from about $51,411 to $150,000 in 2027 and $250,000 in 2028. The savings equal the added exemption times your non-school millage rate, up to your assessed value. At Lee County's average non-school rate of about 10.65 mills, that is roughly $1,050 a year in 2027 and $2,115 a year in 2028 for a home assessed at $250,000 or more. School taxes are not affected.

Does Amendment 3 change Save Our Homes or portability?

No. Save Our Homes still limits yearly increases in a homestead's assessed value to 3% or inflation, whichever is less (2.7% for 2026), and portability still lets you transfer up to $500,000 of your Save Our Homes benefit to a new Florida homestead within three tax years.

If I sell my Florida home and buy another, do I keep my Amendment 3 exemption?

If you were a permanent Florida resident on December 31, 2026, you qualify for the larger Amendment 3 exemption on your new homestead. You can also port up to $500,000 of your Save Our Homes benefit, so your new home's assessed value starts below its purchase price. You must apply for the homestead exemption and portability on the new home by March 1.

How is portability calculated when downsizing in Florida?

When you buy a home worth less than your old one, you transfer the same percentage of value your Save Our Homes benefit protected before. For example, if your old $800,000 home was assessed at $480,000 (a 40% benefit), a $500,000 new home gets a $200,000 transfer. Moving up, you transfer the full benefit. Either way, the transfer is capped at $500,000.

Florida Property Tax Calculator: Save Our Homes, Portability & Amendment 3 Savings

How much will Amendment 3 save you, whether you stay or move?

Florida voters approved Amendment 3 on November 3, 2026, raising the homestead exemption on non-school property taxes to $150,000 in 2027 and $250,000 in 2028. Your real savings also depend on Save Our Homes, the cap that keeps your assessed value below market value, and on portability if you move. Enter a few numbers from your tax bill or TRIM notice and see your estimated taxes for 2026, 2027 and 2028, side by side. No email required.

Florida Property Tax & Homestead Savings Calculator

Built for Lee and Collier County: Save Our Homes, portability and Amendment 3, using county-average millage rates

Amendment 3 savings starting in 2028

Estimate only, at today's millage rates. Your TRIM notice and tax bill are the official numbers.

Your assessed value, capped by Save Our Homes

Amendment 3 saves you in 2027

Email this estimate to yourself

Keep your numbers handy for planning. We'll send you this year-by-year estimate, and you can come back and adjust it anytime.

This calculator provides information and knowledge only: an estimate for planning purposes, not tax or legal advice. It uses county-average 2025 millage rates from Florida TaxWatch (Lee about 15.97 mills, about 5.32 of them school; Collier about 11.05 mills, about 4.64 school) and assumes rates stay the same, though local governments may change them. Market values are held at what you enter. Amendment 3 figures reflect the measure as approved by voters on November 3, 2026 (results unofficial until certified) and may be affected by implementing legislation; inflation adjustments that begin in 2029 are not included. It assumes you were a permanent Florida resident on December 31, 2026, and it does not include other exemptions (senior, veteran, disability; see our exemption checker), non-ad valorem assessments or CDD fees. The property appraiser determines your actual values, exemptions and portability.

Quick Answer

If you have a Florida homestead, Amendment 3 raises your exemption on non-school property taxes from about $51,411 to $150,000 in 2027 and $250,000 in 2028. In Lee County, at the average non-school rate of about 10.65 mills, that saves roughly $1,050 a year in 2027 and $2,115 a year from 2028 on a home assessed at $250,000 or more. Save Our Homes and portability don't change: your assessed value can still rise no more than 3% (or inflation) a year, and if you move within Florida you can carry up to $500,000 of that benefit to your next homestead.

How do Save Our Homes and Amendment 3 work together?

Save Our Homes sets the value you're taxed on. Amendment 3 takes a bigger exemption off that value. Save Our Homes caps how fast your homestead's assessed value can rise each year, so long-time owners are often assessed well below market value. That's simply how your bill is figured, not a separate check you get. Amendment 3 then takes a larger exemption off that assessed value for county, city and district taxes. School taxes still use the $25,000 exemption, which doesn't change. Where Save Our Homes turns into dollars you can carry is when you move: portability lets you bring that gap with you to your next Florida homestead.

What happens to my taxes if I sell and buy another Florida home?

Your new home's assessed value starts at its market value, but portability lets you bring your Save Our Homes benefit with you, up to $500,000. Moving up, you transfer the full benefit. Downsizing, you transfer the same percentage of value it protected before. Because you were already a Florida resident before December 31, 2026, you keep the larger Amendment 3 exemption on the new home too. You have to apply for both the homestead exemption and portability by March 1 of the first year, and you have up to three tax years after leaving your old homestead to use portability. Learn more in our guide to Save Our Homes portability.

Does Amendment 3 help second homes and rentals?

Not with the larger exemption, which is only for a primary residence. Non-homestead property gets a different benefit: starting in 2027, the yearly cap on increases in its assessed value for non-school taxes drops from 10% to 5%. School taxes on non-homestead property stay uncapped.

Where do I find my assessed and market values?

On the TRIM notice mailed every August, or on the Lee County or Collier County Property Appraiser's website by searching your address. Look for "market" or "just" value and "assessed" value. Our guide to reading your TRIM notice shows where each number is.

Should Amendment 3 change when I sell or buy?

It can change the math, and timing matters. Whether you're a resident by December 31, 2026, when your new homestead starts, how much Save Our Homes benefit you'd carry over, and what your next home costs to insure all affect what moving really costs you each year. That's a conversation worth having before you list or write an offer. Since 2005, Mark and Dawn have helped Southwest Florida homeowners make those moves with the full picture in front of them. Read what Amendment 3 means for Southwest Florida homeowners.