Florida Amendment 3 Approved: What Miramar Homeowners & Buyers Need to Know for 2027–2028
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Miramar, Florida | Property Tax Update | November 2026
Florida Amendment 3 Approved: What Miramar Homeowners and Buyers Need to Know for 2027–2028
By Monica Roselli, Realtor® | The Roselli Team | United Realty Group
Florida's Amendment 3 was approved in the November 3, 2026 election. For people who own a home—or hope to buy one—in Miramar, Pembroke Pines, and Broward County, the measure raises important questions about property taxes, Homestead Exemption eligibility, and future housing costs.
What Does Florida Amendment 3 Change?
The measure expands the Homestead Exemption for eligible primary residences on non-school property taxes and lowers the annual assessment increase cap for certain non-homestead properties. Its effective date is January 1, 2027, with implementation guidance still important to monitor.
New Homestead Exemption Amounts
| Tax Year | Exempt Taxable Value for Eligible Homesteads (Non-School Taxes) |
|---|---|
| 2027 | Up to $150,000 |
| 2028 | Up to $250,000 |
| 2029 onward | Inflation adjustments, subject to applicable rules |
Important: These figures are not cash payments or guaranteed tax savings. They describe exempt portions of taxable property value. Actual savings depend on the home's assessment, tax rates, and the owner's eligibility. School property taxes follow different rules.
Who May Qualify?
Residency timing matters. Under the amendment's provisions, homeowners who establish Florida residency by December 31, 2026 may qualify for the expanded benefit when they meet the applicable requirements.
Newer Florida residents may have to wait until their fifth Homestead year for the expanded exemption. Confirm your situation with the county property appraiser before making financial decisions.
What About Rental Properties and Second Homes?
For certain non-homestead properties, the annual assessment increase cap for non-school taxes is reduced from 10% to 5%. An assessment cap does not mean the total tax bill is guaranteed to rise by no more than 5%.
What Does This Mean for Miramar Homeowners?
If you own a home in Sunset Lakes, Riviera Isles, Monarch Lakes, Sunset Falls, or another Miramar neighborhood, review your Homestead status and current property assessment.
Two similar homes may have very different tax bills because of assessment history and exemptions.
Should You Buy a Home in Miramar Before 2027?
There is no one-size-fits-all answer. The amendment may affect long-term ownership costs for some buyers, but it does not guarantee rising home prices or immediate eligibility for expanded benefits.
Before buying, compare the purchase price, mortgage rate, projected post-purchase taxes, homeowners insurance, HOA fees, and your personal timeline.
Frequently Asked Questions
Does the $250,000 exemption mean I receive $250,000?
No. It refers to taxable value exempt from certain property taxes for eligible homeowners, not a payment.
Are school property taxes eliminated?
No. The expanded exemption applies to non-school property taxes.
Will Miramar home prices increase because of Amendment 3?
That is uncertain. Prices depend on supply, demand, mortgage rates, affordability, and many other factors.
Where can I confirm my eligibility?
Contact the Broward County Property Appraiser or a qualified tax professional.
Thinking About Buying or Selling in Miramar?
I'm Monica Roselli, Realtor® with The Roselli Team at United Realty Group. With more than 23 years of South Florida real estate experience, I help buyers and sellers evaluate market conditions, property values, and the costs of homeownership.
Disclaimer: Educational information only, not tax or legal advice. Eligibility, exemptions, and implementation details must be verified with official sources. Background image is an illustration, not documentary photography.
The Roselli Team | |||||||||||||||
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