Florida Votes to Slash Property Taxes as Amendment 3 Passes
DeSantis and the Republican Party in the Sunshine State celebrated the amendment's passage, calling it a "big win."
Florida voters have overwhelmingly approved Amendment 3, which will result in property tax cuts for some homeowners and potentially reduce funding for public services. The measure, which passed with 62% support, increases the non-school homestead tax exemption from $50,000 to $150,000 in 2027 and up to $250,000 by 2028. The Florida Republican Party and Governor Ron DeSantis have hailed the victory as a significant win for homeowners.
However, critics warn that the amendment could negatively impact essential services such as public safety, parks, and infrastructure. Miami-Dade County Commissioner Roberto J. Gonzalez emphasized the importance of addressing affordability in local government costs. This is a developing story and will be updated with further information.
Brief written by urgent.news from Newsweek's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
