09/17/2026
SHARE. Gift article, so no paywall. Amendment 3 discussed. https://www.theatlantic.com/ideas/2026/09/florida-taxes-amendment/688594/?gift=1xflwFROb_Sh5N6G_yK9_6XfzRZuYeZauSxV7rcIUHk&utm_source=copy-link&utm_medium=social&utm_campaign=share
Excerpts: This November, voters will consider a spate of similar proposals, the most radical one coming from legislators in Tallahassee, Florida. Amendment 3, popularly known as “Save Our Homes,” would raise the “homestead” exemption on owner-occupied properties in the state from $50,000 to $250,000, meaning a couple with a condo with an assessed value of $400,000 would pay their county’s property-tax rate on $150,000 of their home’s value, rather than on $350,000. The amendment would eliminate levies on more than half of dwellings. In time, Florida legislators want to phase out property taxes on owner-occupied homes entirely.
Amendment 3 would give property owners a giant tax cut: $12 billion a year by one estimate. It would ease the local cost-of-living crisis too, its proponents argue. “Affordability is a problem for all Floridians,” Byron Donalds, a Republican congressman and the front-runner in the governor’s race, said on the stump last month. “It doesn’t matter what your politics are. It doesn’t matter what the color of your skin is. Because when taxes and insurance are more than principal and interest, you got a problem.”
Yet what is being framed as a populist fight for affordability is in reality a form of class and generational warfare. Property-tax relief gives to the rich and takes from the poor. It aids seniors and harms children. It puts homeownership even further out of reach for many Americans, and it makes daily life even more expensive for low-income Americans.
.. Yet the number of Florida homes and buildings that are delinquent on their property taxes has fallen slightly since 2020. The number of foreclosures has increased a bit, but remains low. The state’s housing market is fraying and distressed sales are increasing, but that’s because of climate change and mortgage rates, not tax assessments. Floridians may not like paying a higher tax bill, and carrying costs might be spurring some of them to downsize. But in general, property taxes are levied on people who can afford them. The typical homeowner earns twice as much as the typical renter, and has 43 times the net worth.
https://www.theatlantic.com/ideas/2026/09/florida-taxes-amendment/688594/?gift=1xflwFROb_Sh5N6G_yK9_6XfzRZuYeZauSxV7rcIUHk&utm_source=copy-link&utm_medium=social&utm_campaign=share