Florida’s new property tax: Why tech execs move to ‘Billionaire Bunkers’ may be right

Florida voters have given a green light to Amendment 3, a game-changing overhaul of property tax laws in the state. This will greatly enhance the homestead exemption, tripling it and providing crucial tax relief to average homeowners. However, for the ultra-wealthy with sprawling estates, the advantages of the exemption will seem rather insignificant.