Property Tax Ballot Measures, Nov. 3, 2026: What Each Would Do

On November 3, 2026, voters in seven states will decide 12 statewide measures that change property taxes: Florida, Georgia, Louisiana, North Carolina, Oklahoma, Tennessee and Wyoming. Only a few would cut a typical homeowner’s bill directly. The largest is Florida’s Amendment 3, which would raise the homestead exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028. Wyoming’s Proposition 1 would exempt half the assessed value of a primary residence. Oklahoma’s State Question 847 would slow how fast taxable values can rise. Others limit future taxes, add local options, or affect farmland. This guide explains each measure in plain terms: what it changes, who it affects, the vote it needs, when it would first show up on a bill, and what it does not do. We do not take a position on any measure.

The short answer

• Twelve measures, seven states. Ballotpedia counts (opens in a new tab) 13 statewide property tax measures in 2026. Louisiana voters already rejected one, Amendment 4, on May 16. The other 12 are on the November 3 ballot.
• Florida and Wyoming would cut homestead bills the most. Florida’s Amendment 3 would exempt far more value from city, county and special district taxes, but not school taxes. Wyoming’s Proposition 1 would exempt 50% of the assessed value of the home itself.
• Several measures slow increases instead of cutting today’s bill. Oklahoma’s SQ 847 lowers the annual caps on value growth. North Carolina’s amendment tells the legislature to limit how much local property tax levies can grow, without setting a number.
• Vote thresholds differ. Florida needs 60% yes. Tennessee needs a majority of the votes cast on the amendment and more than half of all votes cast for governor. Wyoming needs yes votes from a majority of everyone who casts a ballot in the election. The others need a simple majority.
• Nothing changes your 2026 bill. Every measure starts in 2027 or later. If Florida’s Amendment 3 passes, the first notice to show it would be the August 2027 TRIM notice. You would still need a homestead exemption on file by March 1.

All 12 measures at a glance

Effective dates come from each measure’s ballot language or its official analysis, linked in the sections below. In most states, a change that takes effect on January 1, 2027, first shows up on the bill for tax year 2027, which is usually mailed in the fall or winter of 2027.

Florida: Amendment 3 and Amendment 2

Amendment 3: a much larger non-school homestead exemption

The Legislature placed Amendment 3 on the ballot in a June 2026 special session as CS/HJR 1-F (opens in a new tab). Its ballot title is “Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments.” Attorney General James Uthmeier rewrote that title in August after a Leon County judge ruled the original wording misleading, and the state did not appeal, Florida Politics reported (opens in a new tab). According to the House’s final bill analysis (opens in a new tab), it would:

• Raise the homestead exemption for non-school taxes to the first $150,000 of assessed value in 2027 and $250,000 in 2028, indexed to inflation from 2029. Today a homestead gets $25,000 off all taxes plus a second exemption of about $25,000 that applies only to non-school taxes. The analysis puts that second layer at $25,722 for 2025 after inflation.
• Leave school taxes alone. The $25,000 exemption from school district taxes does not change.
• Phase in newcomers. People who are not Florida residents on December 31, 2026, would get $25,000 off school taxes and $50,000 off non-school taxes for their first five years of exemption. After that they would get the full amount.
• Lower the non-homestead cap from 10% to 5% a year for rentals, second homes and commercial property, starting January 1, 2027. The lower cap applies to non-school taxes only.
• Limit how counties and cities spend property taxes to a list of uses: public safety, education, infrastructure, natural resources and flood control, bond payments, employee retirement, and government operations and administration.
• Let local governments go further. Counties and cities could raise the exemption up to the full assessed value under a procedure the Legislature would set. Special districts could do the same with voter approval.

It needs 60% of the vote and would take effect January 1, 2027. The Save Our Homes cap on homestead assessments, the lower of 3% or inflation, does not change. Neither do non-ad valorem assessments on the bill, such as solid waste or fire fees.

Worked example

Take a homestead assessed at $359,000, Florida’s Census median home value. That would be typical for a recent buyer, since a long-time owner’s Save Our Homes value is usually lower. Use the statewide average non-school rate of about 10.45 mills, which we calculated from the Department of Revenue’s 2025 county profiles (opens in a new tab) (non-school taxes levied divided by taxable value). Your own combined rate may be higher or lower.

• For 2026 the non-school exemption is $51,411: $25,000 plus the inflation-adjusted second layer of $26,411.
• 2027: the non-school exemption becomes $150,000, $98,589 more. At 10.45 mills, that saves about $1,030.
• 2028: the exemption becomes $250,000, $198,589 more than today. That saves about $2,075 a year at the same rate.
• School taxes on the home stay the same. If local governments raise their millage rates, the savings shrink.
• In Pinellas County, the property appraiser’s own estimate (opens in a new tab) at its 12.2011-mill average non-school rate is about $1,203 in 2027 and $2,423 in 2028.

A homestead assessed below $150,000 would owe no non-school property tax in 2027, only school taxes and any non-ad valorem assessments. Your August TRIM notice lists your own assessed value and every millage rate, so you can repeat the math. Our guide to reading a tax bill shows where to find them.

Revenue impact and what each side says

The state Revenue Estimating Conference’s final estimate (July 10, 2026) (opens in a new tab) puts the loss to local non-school property tax revenue at $4.93 billion in fiscal year 2027-28, $8.71 billion in 2028-29, and $11.83 billion a year once fully phased in. School revenue is not reduced. Gov. Ron DeSantis said property tax revenue “has nearly doubled in the past seven years” and that “Florida homeowners need relief.” Jacksonville Mayor Donna Deegan, an opponent, warned of deteriorating roads, closed libraries and parks, and slower public safety response times. Opponents also include the Florida Association of Professional Firefighters, the Florida State Fraternal Order of Police and the Florida Education Association. Both quotes and the lists of supporters and opponents are collected on Ballotpedia’s Amendment 3 page (opens in a new tab). Our Florida homestead and Save Our Homes guide explains the rules that would stay in place.

Amendment 2: farm equipment

Amendment 2 would exempt tangible personal property, such as equipment and tools, from property tax if it is usually kept on land classified as agricultural, is used to produce agricultural products or for agritourism, and is owned by the landowner or leaseholder. It would first apply to the 2027 tax year and also needs 60%. State Rep. Anna Eskamani, an opponent, put the local revenue impact at about $30 million. Agriculture Commissioner Wilton Simpson, a supporter, said it would end “multiple taxation of agricultural production,” according to Ballotpedia (opens in a new tab). It does not affect homeowners. Find your county property appraiser in our Florida county guide.

Wyoming: Proposition 1, a 50% homeowner exemption

Proposition 1 is a citizen initiative, officially the “People’s Initiative to Limit Property Tax in Wyoming through a Homeowner’s Property Exemption.” It is the first citizen initiative on a Wyoming ballot in about 30 years. According to the Secretary of State’s ballot proposition text (opens in a new tab), it would:

• Exempt 50% of the assessed value of a qualifying homeowner’s primary residence. The ballot language says the exemption “applies to the residential structure,” so land stays taxable.
• Require at least one year of Wyoming residency and at least six months living in the home during the previous tax year. There is no income limit, age limit or value cap.
• Require a sworn claim to the county assessor by the fourth Monday in May, and a yearly confirmation after that.

Vote needed. The Secretary of State’s voter guide (opens in a new tab) says statewide ballot propositions “must be approved by a majority of those voting in the General Election.” A ballot that skips the question counts the same as a no.

When it would start. The initiative text says it applies from tax year 2025. The official fiscal statement says that if it passes in 2026, “the earliest applicable tax year would be 2027.”

How it fits with the existing exemptions. Wyoming already has a 25% exemption on the first $1 million of market value for owner-occupied single-family homes, and a 50% exemption on the first $3 million for long-term homeowners age 65 or older who have paid Wyoming property tax for 25 years. A 2026 law, House Bill 45 (Enrolled Act 23) (opens in a new tab), says that someone who claims the long-term homeowner exemption cannot also claim an exemption created by the initiative. The Tax Foundation’s analysis (opens in a new tab) notes that no current law prevents combining Proposition 1 with the 25% exemption.

Worked example (Tax Foundation). The Tax Foundation looked at a $400,000 home, made up of $325,000 for the house and $75,000 for the land, at a statewide average of about 68.5 mills on 9.5% of market value. With no exemptions, the tax would be about $2,603. With the existing 25% exemption, it would be about $1,952. With Proposition 1 added, it would be about $895. A home at Wyoming’s Census median value of $309,700 would save proportionally less, and the savings depend on how much of its value is land.

Revenue impact. The Secretary of State’s fiscal statement estimates a $92.6 million reduction in fiscal year 2028 and $95.9 million in 2029. It says this is the impact on the state only and “does not include an estimate of any impact upon political subdivisions.” Most Wyoming property tax goes to schools, counties and special districts. Teton County Assessor Melissa Shinkle told Buckrail (opens in a new tab), “It is important that people understand this is local money, not state money.” The opposition coalition includes the Wyoming Education Association and the Wyoming Taxpayers Association. Sponsors, the Lovell Chronicle reports (opens in a new tab), argue that homeowners need substantial and permanent relief after rising values pushed bills up.

What it does not do: it does not help renters, second-home owners or landlords, it does not exempt land, and it does not say how lost revenue would be replaced. See our Wyoming county guide for your assessor.

Oklahoma: State Question 847, lower caps on value growth

SQ 847 was referred by the Legislature as Enrolled Senate Joint Resolution 39 (opens in a new tab). It amends Article 10, Sections 8B and 8C of the Oklahoma Constitution. Starting with tax year 2027:

• The cap on yearly growth in a property’s taxable “fair cash value” drops from 3% to 1.75% for homesteads and agricultural land.
• The cap drops from 5% to 4% for other real property, such as rentals and commercial buildings.
• The caps still reset when a property is sold, and new improvements are still added at full value.
• Seniors 65 and older with income at or below the HUD median for their area keep the existing freeze, with no increase. Seniors above that line, who don’t qualify for the freeze today, would get a tiered cap: 0.35% for income up to 120% of the median, then 0.7%, 1.05% and 1.4%, and 1.75% above 180%.

Worked example (hypothetical). Take a homestead at Oklahoma’s Census median value of $199,800, with a $1,599 tax bill, in an area where market values rise faster than 3% a year. Under today’s 3% cap, its taxable value could grow to about $231,600 after five years. Under a 1.75% cap, it could grow to about $217,900, roughly 6% less. If millage rates stayed the same, the yearly bill after five years would be about $1,744 instead of $1,854, a difference of about $110. If market values grow less than 1.75% a year, the cap changes nothing.

What it does not do: it does not lower anyone’s current bill or cap millage rates. Senate President Pro Tem Lonnie Paxton, the author, said on the Senate floor that the measure is “not cutting taxes” and is “slowing down the growth of the assessed value,” NonDoc reported (opens in a new tab). The ballot title says the fiscal impact is unknown. The Oklahoma Policy Institute (opens in a new tab) opposes SQ 847. It argues that slower revenue growth could lead local governments to raise millage rates to meet bond payments, which would raise bills for everyone. The Oklahoma Farm Bureau supports it because it would further limit tax increases on farmland. Find your assessor in our Oklahoma county guide.

Louisiana: five amendments

Louisiana has 10 constitutional amendments on the November 3 ballot, and five of them deal with property taxes. Each needs a simple statewide majority. The descriptions below follow the nonpartisan PAR Guide to the Fall 2026 Constitutional Amendments (opens in a new tab). In Louisiana, homes are assessed at 10% of market value, and the standard homestead exemption covers the first $7,500 of assessed value, which equals $75,000 of market value.

• Amendment 1 (Act 39, SB 180): lets the surviving spouse of a veteran with a service-connected disability rating of 50% or more make a one-time transfer of the veteran’s extra exemption to a new home. The transferred amount is capped at what was claimed on the prior home. Today the spouse loses it after moving.
• Amendment 2 (Act 273, HB 521): after a reassessment, taxing bodies must roll millage rates back. Today they lose the right to roll forward to the voter-approved maximum if they don’t do it before the next reassessment. This amendment lets them keep a lower rate and still roll forward later, until the voter-approved tax expires. A roll-forward would still need a two-thirds vote of the governing body after a public hearing. It does not raise any rate by itself.
• Amendment 6 (Act 274, HB 514): lets parishes and municipalities offer an extra exemption to homeowners 65 or older who qualify for the senior assessment freeze. The extra exemption is $6,000 of assessed value at ages 65–68, $12,000 at 69–72, $18,000 at 73–76, $24,000 at 77–80 and $30,000 at 81 or older. It is not automatic. The local governing authority must call a local election, and local voters must approve it. PAR says the earliest it could start is 2028.
• Amendment 9 (Act 220 of 2025, HB 300): raises the income limit for the special assessment level, the assessment freeze for seniors, some disabled veterans, permanently disabled homeowners and others, from $100,000 to $150,000 of adjusted gross income. The new limit would be indexed to inflation starting in tax year 2028.
• Amendment 10 (Act 272, HB 214): allows an optional local exemption for blighted or derelict property that has been rehabilitated. Under the companion law, a parish could exempt up to 75% of a rehabilitated residence’s assessed value for up to 20 years.

Worked example (Amendment 6, hypothetical). A 74-year-old qualifies for the freeze and owns a home at Louisiana’s Census median value of $216,500. Its assessed value is $21,650. After the $7,500 homestead exemption, $14,150 is taxable. If the parish adopted the option and local voters approved it, the $18,000 tier would cover all of the remaining $14,150 for the levies the exemption applies to. At age 66, the $6,000 tier at a combined 100 mills would save about $600 a year.

PAR presents arguments on both sides. Supporters say the senior measures help older residents stay in their homes. Opponents say special exemptions “erode the tax dollars available to local government agencies” and shift the burden to other taxpayers. Amendment 4, which would have let parishes exempt business inventory, failed on May 16 with about two-thirds voting no, Bloomberg Tax reported (opens in a new tab).

North Carolina: a levy limit, with the number left to lawmakers

The ballot reads: “Constitutional amendment requiring limits on property tax increases by local governments.” It came from House Bill 1089, ratified as Session Law 2026-5 (opens in a new tab). It adds one sentence to Article V, Section 2(5): “The General Assembly shall enact general laws limiting the amount by which the levy of taxes on property may increase, which may include exceptions.”

A levy limit caps the total property tax a county or city can raise, not your individual bill. Orange County’s explainer (opens in a new tab) gives an example: with a 3% limit, a county that levies $100 million could budget no more than $103 million the next year. Your own bill could still rise faster or slower after a revaluation. The amendment sets no percentage and no date. UNC School of Government professor Chris McLaughlin told WFAE/NC Local (opens in a new tab) that if it passes, the legislature could act “next year. It might be 10 years from now.” Sponsor Rep. Brian Echevarria said during House debate that recent increases “have not only been high, but some would say extreme,” WUNC reported (opens in a new tab). Orange County’s Board of Commissioners and the NC Budget & Tax Center have raised concerns that a statewide limit could strain local services. It needs a simple majority. Our North Carolina county guide links to each county tax office.

Tennessee: Amendment 2, no state property tax

Tennessee has no state property tax today. Counties and cities levy property taxes, and the General Assembly could create a state tax by law. Amendment 2 (HJR 81 of the 113th General Assembly and SJR 1 of the 114th) would add to Article II, Section 28 that the Legislature “shall not levy, authorize, or otherwise permit any state tax upon such property.” The Secretary of State (opens in a new tab) says it passes only if yes votes outnumber no votes and yes votes exceed half of all votes cast in the governor’s race.

What it does not do: it does not change any local property tax, assessment or bill. The Nashville Banner, republished by the Times Free Press (opens in a new tab), notes that “your current tax rates would not be affected.” Supporters, including the Yes on 2 coalition, say it protects homes, farms and businesses from a second layer of tax. Sen. Heidi Campbell, an opponent, told WSMV (opens in a new tab) that it takes a tool away from future lawmakers. See our Tennessee county guide.

Georgia: Amendment 1, conservation use acreage

Georgia’s only property tax measure this year does not affect homestead exemptions. Amendment 1 (HR 32) asks whether the cap on land one owner can enroll in the Conservation Use Valuation Assessment (CUVA) program should rise from 2,000 to 4,000 acres. CUVA land is taxed on its value in farming, timber or conservation use rather than market value, under a 10-year covenant. A breach brings back the tax savings with penalties. Georgia amendments need a simple majority and, under Article X of the state constitution, take effect on January 1 after approval unless they say otherwise. Georgia homeowners looking for relief should still check the local homestead exemptions and appeal options in our Georgia appeal and homestead guide and our Georgia county guide.

What isn’t on the ballot

• Ohio: the campaign to abolish property taxes did not file for 2026 and is collecting signatures for a possible November 2027 vote, Statehouse News Bureau reported (opens in a new tab).
• Michigan: AxMITax, which would have eliminated property taxes, fell short of the 446,198 valid signatures it needed, Bridge Michigan reported (opens in a new tab).
• Oklahoma: a proposed initiative to end homestead property taxes, SQ 843, was ruled unconstitutional by the state Supreme Court before signatures were gathered, and voters rejected SQ 844, a manufacturing exemption reimbursement measure, in August, NonDoc reported (opens in a new tab).
• Texas: no property tax amendments are on the 2026 ballot, according to Ballotpedia’s list (opens in a new tab). Texas voters raised the school homestead exemption to $140,000 in November 2025. Our Texas homestead guide covers the current amounts.

What happens after November 3

1. Check the certified results. Florida, Tennessee and Wyoming use special thresholds, so a measure can get more yes than no votes and still fail. We will post results here.
2. Keep your homestead exemption current. Several of these changes only help people who already have a homestead exemption or who file one. In Florida that means filing Form DR-501 by March 1, 2027. If you bought in 2026, filing by March 1 is what puts you in line for any 2027 change.
3. Watch for 2027 notices. In Florida, the August 2027 TRIM notice would be the first to show Amendment 3’s exemption, and the November 2027 bill the first to charge it. In Oklahoma, the 2027 assessment notice would reflect the new caps. In Wyoming, a sworn claim by the fourth Monday in May would be needed under Proposition 1.
4. Watch local budgets and millage rates. Exemptions and caps shrink taxable value. They do not stop a city, county or school board from raising its rate within legal limits. Local budget hearings in 2027 will show how each government responds.
5. Look for implementing laws. North Carolina’s limit, Louisiana’s local options and parts of Florida’s Amendment 3 depend on laws or local votes that come later.
6. Plan your escrow. Lenders reset escrow from the most recent bill, so a cut may show up as a refund or lower payment a year later. Our escrow guide explains the timing.

Frequently asked questions

What property tax measures are on the November 2026 ballot?

Twelve statewide measures: Florida Amendments 2 and 3, Wyoming Proposition 1, Oklahoma SQ 847, Louisiana Amendments 1, 2, 6, 9 and 10, the North Carolina levy limit amendment, Tennessee Amendment 2 and Georgia Amendment 1. Many counties and school districts also have local tax and bond questions. Check your sample ballot.

Does Florida Amendment 3 eliminate property taxes on homes?

No. It raises the homestead exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028. School taxes still apply after the existing $25,000 exemption, and so do non-ad valorem assessments such as garbage or fire fees. Homes assessed below the exemption amount would owe little or no city, county or special district property tax.

When would Florida’s new homestead exemption start?

January 1, 2027, if at least 60% of voters approve. It would first appear on the August 2027 TRIM notice and the November 2027 tax bill. The $250,000 level would start with the 2028 tax roll.

Does Wyoming Proposition 1 pass with 50% of the vote?

Not necessarily. It needs yes votes from more than half of everyone who casts a ballot in the general election, including voters who skip the question.

Will Oklahoma SQ 847 lower my property tax bill?

Not directly. It slows how fast your home’s taxable value can rise each year, from 3% to 1.75% for homesteads, starting in 2027. Your bill can still rise if millage rates go up or if you add improvements, and it resets when the home is sold.

Does Tennessee Amendment 2 change my county property tax?

No. It only bans a state-level property tax, which Tennessee does not have now. County and city property taxes are unaffected.

For how homestead exemptions work in every state, see our homestead exemption guide. To find your assessor or tax collector, use the county finder.