Florida Amendment 3 Passed. What It Means for Palm Beach County Homeowners and Buyers
Florida voters approved Amendment 3, and there’s good news for many Palm Beach County homeowners. Starting with the 2027 tax year, qualifying homeowners can exempt more of their home’s assessed value from property taxes outside the school district. Whether you’re staying put in Jupiter or shopping for your first home in Delray Beach, here’s what that could mean for you. Florida Department of Revenue
The expanded homestead exemption covers up to $150,000 of assessed value in 2027 and $250,000 in 2028 for taxes outside the school district. The $250,000 amount can increase with inflation beginning in 2029. For school district taxes, the separate homestead exemption remains up to $25,000. Amendment text
Tax year | Maximum homestead exemption for property taxes outside the school district |
|---|---|
2027 | $150,000 |
2028 | $250,000 |
2029 onward | $250,000 base, adjusted annually when inflation is positive |
Let’s say your Jupiter home has an assessed value of $400,000. With the full exemption, $250,000 would be taxable for levies outside the school district in 2027. If your assessed value stays at $400,000 in 2028, that taxable amount drops to $150,000 before any other exemptions. What you actually pay will depend on the tax rates and other charges at your address. If you already have homestead and remain eligible, look for the updated figures on your August 2027 Notice of Proposed Property Taxes. Palm Beach County tax bill guide · Property Appraiser tax calendar
Already a permanent Florida resident by December 31, 2026? You can qualify for the larger exemption even if this is your first Florida home. To qualify for the 2027 tax year, you generally need to own and occupy the home as your permanent residence by January 1, 2027, and file for homestead by March 1, 2027. If you’re moving from another Florida homestead, you may also be able to bring some of your Save Our Homes assessment benefit with you through portability. Homestead filing · Portability
Moving to Florida in 2027 or later? Once you qualify for homestead, you generally start with an exemption of up to $50,000 for taxes outside the school district and up to $25,000 for school district taxes. The larger exemption generally begins in your fifth year of receiving homestead. If your first exemption year is 2027, that puts you on track for the larger exemption in 2031. Florida Department of Revenue · Amendment text
From seasonal condos on Singer Island to rentals in West Palm Beach, qualifying properties without homestead get a lower annual assessment cap beginning in 2027. The cap drops from 10% to 5% for taxes outside the school district. The cap applies to assessed value. Local tax rates, other charges, and reassessment after a sale can still affect the total bill. Amendment text · Palm Beach County tax bill guide
Thinking about a move in Palm Beach County? Reach out to me at Luxe Lifestyles. We can talk through your timing and use a tax estimate based on what you’d likely pay after closing, since a sale can reset the assessment and the seller’s homestead benefits don’t transfer to you. Palm Beach County Property Appraiser
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