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.