Written by Cory Levine, Life Insurance Expert ✅
Founder of The Life Insurance Professionals · Licensed since 2018 · Boca Raton, FL, serving families nationwide
Editorial disclosure
This article was written by Cory Levine, a licensed independent life insurance agent, for general education. It is not financial, tax or legal advice. Cory may earn a commission if you buy a policy through him, and that never changes what he recommends. Rates, benefits and availability vary by company, state and underwriting.
Helping families since 2018. Content follows our editorial standards to protect consumers.
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Cory Levine is an independent life insurance agent in Boca Raton, Florida, serving families nationwide. After losing his wife in 2017 and raising his children on his own, he helps families compare term life with living benefits, indexed universal life, permanent coverage and annuities, with honesty and no pressure. Read Cory’s full bio
Here’s a headline that stings if you live in New York, New Jersey, or Illinois: while many high-tax states keep raising property taxes, Florida is voting on whether to cut them further.
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On the November ballot, Florida voters are deciding on Amendment 3 — a measure aimed at property tax relief. If you’re thinking about relocating or buying a second home here, it’s worth understanding, because it could affect your long-term costs.
What Amendment 3 Would Do
Right now, Florida caps how much the taxable value of a non-homestead property — a second home, vacation home, or rental — can rise each year at 10%. Amendment 3 would lower that cap to 5%, starting in 2027.
In plain English: if it passes, second-home and investment-property owners would get more protection against rising tax bills in a hot market. (Primary residences already enjoy the stronger 3% “Save Our Homes” cap.)
Why This Matters If You’re Moving
Florida already offers what high-tax-state residents are chasing:
- No state income tax — on wages, pensions, retirement income, or Social Security.
- Lower property taxes — roughly 0.8% on average, versus 1.5%–2%+ in much of the Northeast.
- The Homestead Exemption + 3% cap once a Florida home is your primary residence.
A measure to tighten the second-home cap on top of all that only strengthens the case. It’s one more sign that Florida is leaning into being a low-tax destination — exactly the opposite direction many Northeast homeowners feel their own states are heading.
The Honest Caveats
A few things to keep in mind, because the full picture matters:
- This is a ballot measure — it only takes effect if passed, and the change would start in 2027.
- A second home still gets no Homestead Exemption, cap or not.
- Insurance in Florida is high — always factor it in.
- Your income tax doesn’t stop in your old state automatically — you must properly establish Florida residency.
(This is educational information, not voting advice — just what the measure could mean for your wallet if you’re planning a move.)
The Bigger Picture
Tax changes like this are exactly why timing and planning matter. If Florida is on your radar, the smart move is to understand the full cost picture now — and to plan what the savings could do for your retirement and your family’s future once you’re here.
Thinking About Florida?
If you’re weighing a move or a second home in South Florida, let’s talk through the real numbers — taxes, housing, and the plan behind it. I work with Northeast families on exactly this, every week, here in Boca Raton. Reach out anytime; no pressure, just clarity.
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This article is for general educational purposes only and is not tax, legal, financial, or voting advice. Ballot measures, tax rules, and figures change and vary by county and property. Confirm current rules with the Florida Department of Revenue or your county property appraiser, and consult a qualified professional about your situation.
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About Cory Levine
Cory Levine is an independent life insurance agent and founder of The Life Insurance Professionals, based in Boca Raton, Florida and serving families nationwide. Licensed since 2018, he has helped hundreds of families protect what matters most. After losing his wife in 2017 and raising his children on his own, he knows firsthand what the right coverage means to a family. Guided by his faith, Cory treats every family he helps as a responsibility, not a sale, with honesty, transparency and no pressure. He compares top-rated companies to find honest options: term life with living benefits, indexed universal life, permanent coverage, and annuities, including 401(k) rollovers and retirement income you can’t outlive. Florida License W526357.
“Do nothing out of selfish ambition or vain conceit. Rather, in humility value others above yourselves.” — Philippians 2:3 (NIV)
