Amendment 3 proposes raising Florida’s homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments thereafter. Estimated savings for qualifying Brevard County homeowners range from $352 to $1,131 in 2027 and $710 to $2,279 in 2028, varying by location. It also lowers the annual assessment cap on many non-homestead properties from 10% to 5%. School taxes are unaffected. The amendment requires 60% voter approval and would take effect January 1, 2027.