Okaloosa County Property Tax Calculator

What is Amendment 3?

Amendment 3 is a proposed constitutional amendment passed by the Florida Legislature that would increase Florida's non-school homestead exemption in two scheduled phases. It would also place the Legislature's authority over local property tax spending into the Constitution; how that authority would be used has not been determined. This calculator models only the two dollar-defined phases. School property taxes would continue to use the existing $25,000 homestead exemption. Voters must approve the measure on November 3, 2026 before it can take effect.

Scheduled phases (if approved by voters)

• 2027 (Phase 1): the non-school homestead exemption would rise to $150,000 — about $99,000 more of a homestead's value exempt from non-school taxes than under today's $50,722 exemption.
• 2028 (Phase 2): $250,000 — about $199,000 more than today.
• After 2028: the exemption would adjust for inflation each year.
• Non-homestead property: the yearly cap on assessment increases would drop from 10% to 5%. This calculator does not model that cap.
• Local option: the Legislature would set a uniform procedure for counties and cities to raise the homestead exemption further, up to full assessed value; special districts could do the same with their own voters' approval.
• New Florida residents: people who are not Florida residents on December 31, 2026 would receive today's exemption first, with the increased exemption beginning in the fifth year of their homestead exemption.
• Renters: the increased exemption applies to homesteaded homes, so a renter would not receive it directly.

School taxes keep the $25,000 exemption in both phases. What any of this changes on your own bill depends on your assessed value and your district's rates — the calculator shows it for your address.

Okaloosa County — estimated revenue change, and what that revenue pays for

The calculator includes estimated countywide revenue reductions for Okaloosa County taxing districts. These figures are computed from public Property Appraiser parcel data and 2025 certified millage rates — they apply the exemption levels Amendment 3 sets to currently homesteaded parcels.

• Phase 1 ($150,000 exemption): about $26.5 million less — 41.0% of the non-school property tax now paid on homesteaded homes countywide. School property taxes are not affected.
• Phase 2 ($250,000 exemption): about $42.4 million less — 65.6% of the non-school property tax now paid on homesteaded homes countywide. School property taxes are not affected.

The non-school property tax that would no longer be collected is money that today pays for county services — the sheriff and jail, courts, EMS, county roads — for city services such as roads, stormwater, parks and libraries, and for fire district services: firefighters and fire stations. Each elected board decides whether to cut, raise its rate, or use reserves.

How we compute it: we start from the certified 2025 tax roll, take every parcel that already has a homestead exemption, raise its non-school exemption to the phase amount, cap the reduction at the value that parcel is actually taxed on — a taxing authority cannot lose more than it levied — and apply that district's 2025 certified non-school rates. Methodology and district-level detail are available on request: info@saveourhomescalculator.com. Numbers will be checked against the County's own fiscal impact analysis when an Amendment 3-specific version is available.

What this tool does not do

It estimates the property tax charged on your home's value only. It does not include the flat fees and assessments that also appear on your tax notice, any action the state may take, or what your city council, county commission, or fire district board would actually decide to do. Each elected board decides whether to cut, raise its rate, or use reserves.