Lauderdale Lakes Residents to Vote on Property Tax Amendment 3: What You Need to Know

Lauderdale Lakes Prepares for Potential Property Tax Shake-Up with Proposed Amendment 3

Lauderdale Lakes residents will decide on a significant property tax change with Proposed Amendment 3 on November 3, 2026. This amendment could alter homestead exemptions and assessment caps, directly impacting homeowners and the city's annual revenue.

The proposed Amendment 3 aims to increase the homestead exemption for eligible residential properties. It also seeks to reduce the annual assessment cap for non-homesteaded properties from 10% to 5%. New Florida residents after January 1, 2027, would face new residency requirements under this proposal. The changes would not affect school taxes; the school-tax homestead exemption will remain at $25,000.

The exemption for eligible homesteaded properties would be $150,000 starting January 1, 2027, and would increase to $250,000 beginning January 1, 2028, if voters approve the amendment. A homestead exemption reduces the taxable value for applicable property taxes. It does not necessarily eliminate school taxes, non-ad valorem assessments, or other charges on a property tax bill. The specific effect on individual properties depends on assessed and taxable values, applicable exemptions, tax rates, and the final amendment provisions.

Lauderdale Lakes currently has 5,984 homesteaded properties. Of these, 4,292 properties, approximately 72%, have Save Our Homes (SOH) assessed values below the proposed $150,000 threshold. City officials estimate an annual revenue reduction of $3.4 million with a $150,000 exemption. This figure could rise to $5.2 million with a $250,000 exemption. These figures represent potential reductions in city property tax revenue, not individual homeowner savings.

Florida voters will consider Proposed Amendment 3 on November 3, 2026. Residents should review the details of the amendment to understand its potential impact on their property taxes and local city services.