Florida voters will decide Amendment 3 on November 3, 2026, a legislatively referred constitutional measure that would raise the homestead exemption on non-school levies to $150,000 in 2027 and $250,000 in 2028 while indexing it to inflation, lower the annual assessment cap on non-homestead properties from 10% to 5%, impose residency requirements for new owners, and restrict remaining local property-tax revenue to core services. The proposal requires a 60% supermajority to pass. June and August 2026 polling showed roughly 64% support under the original language, with sharp partisan divides (high Republican backing, far lower Democratic support) and sensitivity to messaging on projected local revenue losses reaching nearly $12 billion annually by 2031-32. A Leon County judge ordered revised, more neutral ballot language in August after finding the original title and summary misleading, while organized opposition from local governments and a “Vote No on 3” committee has emphasized service cuts and tax shifts. These factors underpin trader consensus that the measure is unlikely to clear the supermajority threshold.