Voters said yes to Amendment 3 tax cut. What comes next for Miami-Dade, cities?

Miami Herald · Douglas Hanks, Verónica Egui Brito, Michelle Marchante · 2026-11-04 23:45 UTC

Miami‑Dade and cities like Coral Gables, Miami Beach and Hialeah prepare for property tax revenue losses under Florida’s Amendment 3 and plan budget changes.

Facing a historic cut to property-tax revenue, local governments are preparing for a new spending regime under Florida’s Amendment 3.

The tax-cut constitutional amendment will mean significant drops in the money that governments collect from property — particularly homes that serve as primary residences, where the current exemption of $50,000 will jump to $250,000 by 2029.

While there is no immediate effect from the new amendment — the first phase of the cut wouldn’t show up until next year’s tax bills — government leaders will soon be grappling with reduced revenue as they figure out how to craft a 2028 budget with less money to spend.

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