Florida voters will decide in November on Amendment 3, a “Save Our Homes” proposal that would raise the nonschool homestead tax exemption from $50,000 to $150,000, with a further increase to $250,000 in 2028. State economists estimate the change would cut local tax revenue by $5 billion next year and nearly $12 billion by 2031. The measure faces opposition from local governments and public-safety groups that warn it could lead to service cuts, while the state says the ballot language is fair and legally sufficient. The amendment must win at least 60% of the vote to pass.