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Florida is voting on whether to slash property taxes. Here’s who it would benefit — and hurt.

Florida is voting on whether to slash property taxes. Here’s who it would benefit — and hurt.

  • Time:

    19:41

  • Date:

    08 Oct 2026

  • Read Time:

    1 min

  • Author:

    Just2Trade Research Team

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Amendment 3’s passage could add momentum to other states’ efforts to slash property taxes

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Collage of a Florida highway sign, a house with palm trees, a real estate tax bill, and a person calculating with money.
Florida’s Amendment 3 could save each homeowner an average of about $1,800 by 2028, according to a rough estimate from Realtor.com.

Photo: MarketWatch photo illustration/iStockphoto

Cape Coral, Fla., homeowner Mike Steele expects to save at least $1,000 on his tax bill next year if his fellow Floridians vote to raise a key property-tax exemption for the first time in nearly two decades this November.

The savings would come at a crucial time. Surging grocery costs and $4-a-gallon gas prices where he lives have the 62-year-old mortgage-loan officer cutting back on day-to-day expenses.

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About the Author

Aarthi Swaminathan is a MarketWatch personal finance reporter covering residential real estate. She is the winner of a silver award for Best Collection of Work by an Individual Covering Residential Real Estate from the National Association of Real Estate Editors.

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Trading financial instruments involves high risks. This article is for informational purposes only and does not constitute investment advice.