Palm Beach County homeowners who already receive a homestead exemption do not need to reapply after Florida voters approved Amendment 3 on Tuesday, according to the Palm Beach County Property Appraiser’s Office.
Beginning 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 start in 2029. The measure also cuts the annual cap on assessed-value increases for non-homestead properties, such as rentals, second homes and commercial buildings, from 10% to 5% for non-school taxes.
Amendment 3 will not affect 2026 tax bills. The higher exemptions first appear on TRIM notices sent in August 2027, and tax bills reflecting the changes will follow later that year. Property Appraiser Dorothy Jacks said the office does not set tax rates or collect taxes, so final bills will depend on rates adopted by local taxing authorities.
First-time applicants still must apply and meet eligibility requirements, and homeowners must report changes that could affect their exemption. The office also said Amendment 2, which would have exempted certain farm equipment and agricultural property from taxes, failed, so existing rules for tangible personal property remain in place.
Residents with questions can visit pbcpao.gov or call 561-355-2866.
