Homeowners who already receive a Homestead Exemption do not need to call the Palm Beach County Property Appraiser’s Office or submit a new application because of Amendment 3, the office said after voters approved the measure on Nov. 3.
Starting in 2027, the amendment raises the Homestead Exemption for non-school taxes to $150,000. It rises to $250,000 in 2028, and inflation adjustments begin in 2029. The measure also lowers the annual cap on assessed-value increases for qualifying non-homestead properties, including rentals, second homes and commercial buildings, from 10% to 5% for non-school taxes.
First-time applicants still must meet eligibility rules, and all homeowners must report any change that could affect their exemption. Separate residency provisions apply to some newer Florida residents.
The changes will not affect 2026 tax bills. The higher homestead amounts will first appear on the August 2027 Notices of Proposed Property Taxes, known as TRIM notices, with bills following later that year. Final amounts will depend partly on millage rates set by local taxing authorities, which the appraiser’s office does not control.
Voters also rejected Amendment 2, which would have exempted certain farm equipment and other agricultural tangible personal property from taxes. Current assessment rules for that property remain in place, and the office said it will keep helping agricultural owners with questions.
