property taxes

Property Tax Revolt Succeeds in Florida; Fails in Wyoming and Oklahoma

Five states approved property tax cuts—but cutting taxes is easier than cutting the cost of government.

Mariana Trujillo | 11.4.2026 4:00 PM

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Last night, voters in seven states were asked whether they wanted to reduce property taxes through statewide ballot initiatives. Voters in Florida, North Carolina, Louisiana, Tennessee, and Georgia said yes, while those in Wyoming and Oklahoma said no. 

These ballot proposals follow dozens of property tax relief measures enacted in recent years in states like Texas, Ohio, and North Dakota. 

Among the property tax proposals on ballots this Tuesday, Florida's Amendment 3 was the most consequential. The proposal, which was at one point called "Save Our Homes from Excessive Property Taxes," will exempt the first $250,000 of a primary home's value from nonschool district property taxes by 2028, with the exemption level adjusted for inflation going forward. The proposal also limits how much assessed values of nonprimary residences can rise each year, lowering the cap from 10 percent to 5 percent. 

The initiative passed with 62 percent of the vote, with 60 percent support needed to pass. The Florida Legislature's Revenue Estimating Conference (REC), a nonpartisan panel of state economists, estimated that by 2028, when the new exemption is fully implemented, it will reduce property tax revenues by........

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