Palm Beach Voters Set to Decide Amendment 3 Property Tax Changes in November 2026

Palm Beach residents will consider Amendment 3, a proposed constitutional amendment affecting Florida's property tax system, during the November 3, 2026, General Election. The Town of Palm Beach provides educational resources to help residents understand the potential changes to homestead exemptions, non-homestead property assessment limits, and the use of property tax revenues by local governments.

If voters approve Amendment 3, it will implement several changes starting January 1, 2027. One significant change involves increasing the homestead exemption for non-school property taxes. This exemption would rise to $150,000 in 2027 and further increase to $250,000 in 2028. Beginning in 2029, the exemption amount will see annual adjustments for positive inflation. The existing $25,000 homestead exemption for school district taxes remains unchanged by this amendment.

The amendment also addresses non-homestead properties. It proposes reducing the annual assessment increase limit for certain non-homestead properties from the current 10% to 5%. This provision applies to specific residential and non-residential properties that do not receive the homestead exemption. Different provisions will apply to homeowners who establish Florida residency and a homestead after December 31, 2026.

Additionally, Amendment 3 establishes constitutional requirements for how counties and municipalities can use property tax revenues. Permitted uses include public safety, education and schools, infrastructure, natural resources, bond debt service, employee retirement benefits, and operations and administration. Residents can review the Town of Palm Beach's educational materials for more detailed information on these proposed changes before the upcoming election.