Local governments and nonprofit organizations are bracing for massive revenue losses if voters approve a ballot proposal for property taxes reform to give homeowners some relief.
The growing concerns over Amendment 3 for the November 3, 2026 election have left critics campaigning against the measure in an effort to convince voters that millions of dollars in municipal services are in peril.
Amendment 3, which needs to reach the 60 percent voter threshold, would raise the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with annual inflation adjustments beginning in 2029.
The additional exemption would not apply to school districts property taxes.
The proposal would also lower the cap on annual assessment increases for non-homestead property, including rental and commercial property, from 10 percent to 5 percent.
Miami-Dade Mayor Daniella Levine Cava is the biggest opposition for Amendment 3, warning the county could lose roughly $300 to $500 million in revenue to fund municipal services and critical infrastructure projects.
Cava said the proposed budget for fiscal year 2026-2027 is a challenge due to less federal and state funding and might have to cut county services and layoff employees.
She said if Amendment 3 passes, the county would be forced to make deeper cuts and might raise taxes for business owners and other fees to offset the budget shortfall.
Cava is hosting a series of town hall meetings to underscore the devastating impact of Amendment 3 ahead of November’s election.
“The impact extends beyond public safety,” Cava said. “Roads and bridges and our stormwater infrastructure, our flood protection, parks, libraries, after-school programs, public transit and other neighboring services could all face difficult cuts.”
Broward County would lose about $326 million a year if Amendment 3 passes, according to the Florida Policy Institute and state economists.