November 2026

Florida Amendment 3: what the bigger homestead exemption means in Boca Raton

Florida voters approved Amendment 3 on November 3, 2026, with about 62% of the vote (60% was required). It takes effect January 1, 2027. Results are unofficial until state certification, scheduled for November 17, 2026.

What changes

The non-school homestead exemption rises from $51,411 today to $150,000 in 2027 and $250,000 in 2028 — replacing the current exemption, not adding to it. The $25,000 school exemption is unchanged, so school taxes are untouched.

What it saves in Boca Raton

Savings equal the extra exempt value times the non-school millage. At current rates, a homesteaded home in the City of Boca Raton (10.6220 non-school mills) saves about $1,047 a year in 2027 and about $2,109 in 2028. In unincorporated Boca Raton (10.9653 mills), about $1,081 in 2027 and about $2,178 in 2028.

Who gets the full amount, and when

A Florida permanent resident by December 31, 2026 gets the full new exemption once homestead-qualified. Someone becoming a Florida resident from January 1, 2027 keeps today’s exemption for four years and gets the full amount in the fifth year.

Also in the amendment

The assessment cap for non-homestead property drops from 10% to 5% a year for non-school levies.

The fine print

These savings assume the assessed value exceeds the exemption and that 2026 millage rates hold — rates are reset each summer. This is general information, not tax or legal advice.

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