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South Florida voters set to decide on fate of Amendment 3, Virginia Key referendum and more

Marcus Chen
Managing Editor · Tuesday, November 3, 2026 at 10:29 PM · 1 min read
South Florida voters set to decide on fate of Amendment 3, Virginia Key referendum and more — Key Biscayne Real Estate news

South Florida voters are now heading to the polls and are set to decide on several key decisions on the ballot, including an overhaul to property taxes, the future of Virginia Key, and several other issues. One of the key issues includes Amendment 3, which is a property tax cut proposal. Under the proposed amendment, the homestead exemption for primary residences would increase from $50,000 currently to $150,000 in 2027. It would rise again to $250,000 in 2028 and adjust for inflation. Homeowners will then be taxed on the remaining portion of their home s value, with the tax break only applying to non school property taxes. Supporters, including Florida Gov. Ron DeSantis say that it will benefit Floridians, who will see thousands of dollars in savings. When I buy the house, I put $300,000 a year. Now it s about $6,000 so it goes more every year. So that s what I vote, for doing some change, said voter Sean Umana. Opponents said that the amendment comes at a cost, with fea

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