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Daren Loewinger

Florida voters approved a constitutional amendment that will increase homestead exemptions for non-school property taxes, with ~62% of ballots supporting the measure.
The Florida homestead exemption for non-school property taxes will reach $150K in 2027 and $250K in 2028, giving homeowners new figures to consider.
Beginning in 2029, Florida's exemption amount will be adjusted for inflation, adding another factor for residents to consider when reviewing potential property tax impacts.
Some Florida counties have created interactive calculators that let residents estimate the amendment's impacts, providing a practical way to explore their potential property tax changes.
A database can project impacts for residents in every Florida county, and the constitutional amendment takes effect January 1, 2027, under the approved measure.

Florida’s Amendment 3 Raises Homestead Exemptions

In Q3 2026, the US homeownership rate reached ~66%, marking a modest quarterly increase and offering a snapshot of household tenure across the country.
US households totaled 134M in Q3 2026, with both owner-occupied and renter households contributing to the yearly increase in the number of households.
Among US householders under age 35, homeownership was ~37% in Q3 2026; the group was particularly sensitive to mortgage rates and entry-level inventory.
US householders ages 65 and older saw their homeownership rate rise yearly in Q3 2026, as did householders ages 45 to 54.
In Q3 2026, US rental vacancies stood at ~8%, while homeowner vacancies remained at ~1%; the vacancy upticks signaled increased existing home supply.