Amendment 3 passed Nov 3, 2026

Homestead Savings Calculator

See what Florida's bigger homestead exemption could save you once it's fully phased in. Built for Tampa Bay, Sarasota, Manatee and South Florida homeowners.

Your home

Both rates are printed on your tax bill and on the TRIM notice (Notice of Proposed Property Taxes) your county mails every August. A mill is $1 of tax per $1,000 of taxable value.
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What you think your home would sell for today. Your property appraiser calls this Just Value or Market Value.
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This is the Assessed Value from your property appraiser, not a bank appraisal.
Where do I find my assessed value?
  • On your TRIM notice (mailed each August), look for the line called Assessed Value.
  • Or look up your address on your county property appraiser's website:
    Gulf Coast: Manatee, Sarasota, Hillsborough, Pinellas, Pasco, Polk
    South Florida: Miami Dade, Broward, Palm Beach, Martin
  • On your property's record page, look in the values section for Assessed Value. BCPA shows it as Assessed / SOH Value. Use this year's number, not Just (Market) Value or Taxable Value.
  • If you have homestead, Save Our Homes usually keeps your assessed value below market value. That's normal.
Second homes, rentals and investment property are non Homestead.

Your year two estimate

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Fill in your ZIP code, home value, appraised value and homestead status, then tap Show my savings.

How Amendment 3 works

  1. Today (2026): homestead owners get $25,000 off all property taxes, plus up to $26,411 more off non school taxes (that second piece applies to assessed value between $50,000 and $76,411).
  2. Year one (2027): the non school homestead exemption jumps to $150,000.
  3. Year two (2028): it jumps to $250,000, then adjusts for inflation starting in 2029. This calculator uses the year two number.
  4. School taxes don't change. The school exemption stays at $25,000, so you'll still pay school taxes.
  5. Non Homestead property gets no new exemption. Its yearly cap on assessment increases for non school taxes drops from 10% to 5% starting in 2027, which can slow future increases but doesn't cut today's bill.

Official text: Florida Division of Elections, Amendment 3 ballot text (CS/HJR 1F). Voters approved it with about 62% yes; it needed 60%.

Matt Bender

Matt Bender

REALTOR®  |  Clayton Coastal Group  |  Real Broker, LLC

Thinking about buying, selling or moving up now that the exemption is bigger? I'll pull your exact numbers and walk you through what it means for your next move.

Call or text 630.818.5875 matt@floridarealtormatt.com

Please read: this is an estimate

Savings shown are year two estimates under Amendment 3's phase in, meaning the 2028 tax year, when the non school homestead exemption reaches $250,000. They compare today's 2026 exemption rules with the year two rules using the assessed value you enter and a typical 2025 total millage rate for your ZIP code. They are not a tax bill.

Your actual taxes depend on your exact taxing district, your exemptions (senior, veteran, disability and others aren't included here), non ad valorem assessments and fees, future changes to your assessed value, and the millage rates local governments set each year. Local governments and the Florida Legislature may make decisions that change the result. School taxes are not reduced by the amendment. If you became a Florida resident after December 31, 2026, the larger exemption starts with your fifth year of homestead.

For your exact numbers, check with your county property appraiser. Millage rates come from the 2025 certified or final rates published by each county's property appraiser or tax collector.

This calculator is provided by Matt Bender, REALTOR®, with Real Broker, LLC (Clayton Coastal Group), for general information only. It is not tax or legal advice.