The Florida Homestead Exemption Tax Amendment, also known as Amendment 3, was a legislatively-referred constitutional amendment in Florida which was defeated on the ballot on November 4, 1986.
This amendment sought to modify Articles VII and XII of the Florida Constitution to change the homestead tax exemption to $5,000, plus one-half of the assessed value over $5,000, with total up to $25,000.
| Florida Amendment 3 (1986)|
|Yes|| 1,127,438|| 35.53%|
Election results via: Florida Elections Division
Text of measure
The language that appeared on the ballot:
|| Provides that the homestead tax exemption shall be changed from $25,000 to $5,000, plus one-half of the assessed value over $5,000, the total exemption not to exceed $25,000.