Florida Voters to Decide on Property Tax Amendment Affecting City Revenue

Florida voters will decide in November whether to approve Amendment 3, a proposed constitutional amendment regarding property taxes. If approved, the amendment would increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028. The city of Coral Springs, for example, faces potential revenue impacts, with estimates showing a possible annual property tax revenue reduction of approximately $14.5 million in 2028 and $26.8 million by 2029.

The proposed change could reduce the property tax revenue collected by cities and counties that rely on these funds. For Coral Springs, this revenue is used to fund services such as infrastructure, public safety, and parks and recreation.