Florida Realtors Donate $10 Million to Support Property Tax Cut Amendment 3
The Florida Realtors trade group has contributed $10 million to support Amendment 3, a major property tax cut proposal appearing on the November ballot in Florida. The initiative, championed by Governor Ron DeSantis, aims to increase homestead exemptions and cap…
Tampa St. Petersburg, FL, September 10, 2026 — Florida Realtors, a prominent trade group representing real estate professionals in the state, has committed $10 million to bolster support for Amendment 3. This ballot initiative, slated for the November election, proposes significant changes to Florida’s property tax structure.
The contribution from Florida Realtors marks a substantial financial backing for the amendment. Amendment 3’s primary objectives, as championed by Governor Ron DeSantis, include expanding homestead exemptions and placing limits on the assessment increases for non-homestead properties. These measures are intended to provide financial relief to property owners across Florida.
While the proposal aims to reduce property tax burdens, it has encountered opposition from various local government organizations. These groups have voiced concerns that the tax cuts could impact their ability to fund essential public services. The details regarding the specific nature of the proposed caps on non-homestead property assessment increases and the exact scope of the homestead exemption expansion were not further detailed in the provided summary.
The outcome of Amendment 3 on the November ballot is anticipated to have a notable effect on the state’s fiscal landscape and the funding mechanisms for local municipalities. The significant donation by Florida Realtors underscores the considerable interest and investment from the real estate industry in the potential passage of this tax cut measure.
Story summarized from the original created by By News Service of Florida on www.tampabay.com, see more information here.
