Does Amendment 3's 5% assessment cap change my rent?
Short Answer
No. If Amendment 3 passes, the annual cap on assessment increases for non-homestead property would drop from 10 percent to 5 percent. That can slow how fast those assessments rise. It does not set rent.
Does Amendment 3's 5 percent assessment cap change my rent?
No. If Amendment 3 passes, the annual cap on assessment increases for non-homestead property would drop from 10 percent to 5 percent. That can slow how fast those assessments rise. It does not set rent.
A pending amendment is not current law. This page is education, not a landlord form and not a voting recommendation.
What this looks like in Tampa Bay
Investors in SouthShore, Wesley Chapel, and some Pinellas small rentals ask this because the tax bill and the lease sit in the same folder. They are still two files. A slower assessment increase, if it happens, does not write a lease clause.
Step-by-step
- Read the official ballot summary.
- Confirm whether the parcel is homestead or non-homestead.
- Keep rent conversations in the lease, not in the constitution.
- Book if you want the house file, not a campaign talk.
Assessment cap versus rent
| Item | What it does |
|---|---|
| Non-homestead assessment cap | Limits how fast assessed value may rise if the amendment passes |
| Lease | Sets rent between landlord and tenant |
| Homestead exemption | Different tool, different sister card |
What you control versus what you do not
You control the lease you sign. You do not control the vote.
Common mistakes
Promising a tenant a rent cut because of a ballot title. Pricing a listing as if 2027 law already exists.
Next step
Official text, then the property appraiser, then book if needed. Equal Housing Opportunity applies.
Jonathan Loescher, SL3546365 and NMLS 2621894. 29399 US Highway 19 Suite 150, Clearwater, FL 33761. (727) 729-2961.