Local Politics · Hillsborough
Amendment 3 Study Projects Higher Renter Costs in Pinellas, Hillsborough, Pasco
A study commissioned by housing advocacy groups projects that Amendment 3, a November ballot measure raising Florida's homestead exemption to $250,000 by 2028, could increase annual property tax costs on rental properties by roughly $400 to $1,350 per unit in Pinellas, Hillsborough and Pasco counties. Amendment supporters including the Florida GOP and Florida Realtors dispute the projected cost-shift to renters, citing a provision that would reduce non-homestead assessment caps from 10% to 5%. Gov. Ron DeSantis has rejected the notion that renters would bear additional costs under the amendment. A Tampa-based data company called Signld offers a projection tool for residents to model potential impacts based on their specific city and housing situation.