Florida approves property tax relief, but newcomers face five-year catch
Amendment 3 passed with roughly 62% support, expanding property tax breaks for homeowners beginning in 2027 while imposing a five-year wait for new Florida residents.
Florida homeowners are getting a major property tax break, but people thinking about moving to the Sunshine State may not get the same deal right away. Voters approved Amendment 3 with about 62% support, according to Ballotpedia, clearing the 60% needed to amend the state Constitution.