Amendment 3 Saves Broward Homeowners $1,879. Is That Worth What It Costs Your City?

On November 3, Florida votes on Amendment 3. It would raise the homestead exemption by $200,000 over two years — and it needs 60% to pass.We got the two people best placed to explain it in the same room. Marty Kiar, the Broward County Property Appraiser, who ran the amendment against the actual 2025 tax roll. And State Representative Chip LaMarca, who voted to put it on your ballot.Marty has deliberately taken no public position, and his reason is worth the whole episode:"If I took a public position, the only people that would listen to me are the people that agree with me. And the people that don't agree with me would not listen to that information."So he brought data instead. Chip voted yes — and then told us the bill is not how he would have written it.Marty Kiar's full fiscal impact study, every city in Broward: https://www.cp-mtg.com/wp-content/uploads/2026/09/BROWARD-COUNTY-Fiscal-Impacts-for-Proposed-Constitutional-Amendment-003.pdfCHAPTERS0:00 The 4% problem — what Amendment 3 costs Tamarac 0:38 Intro 1:56 The September 18 deadline, and what to bring 7:34 "I hope they repeal that stupid law" — why your bill went up when your value went down 9:47 What condo values actually did in 2026 12:52 How we got here: one tweet, and a $55 billion question 16:56 The numbers — $150,000, then $250,000 18:41 Chip LaMarca joins 22:26 Why the Property Appraiser won't take a position 28:05 Chip: yes or no on Amendment 3 30:30 Six years of city budgets — up 53% to 108% 37:32 Why 60% is such a high bar 39:20 The implementing bill that doesn't exist yet 45:17 The Realtors are for it. The sheriffs are against it. 55:27 If it passes, what gets cut first 1:03:21 The Tamarac math, in full 1:07:16 Chip alone — why this bill survived, and what comes next 1:16:02 The judge threw out the ballot title ALSO IN THIS EPISODEThe September 18 deadline to challenge your assessment, and exactly what to bringWhy your tax bill can go up in a year your market value went down — and why the Property Appraiser calls that law "stupid"What condo values actually did on the 2026 roll: newer luxury buildings up, older four-story-plus buildings down, and why Surfside-law reserve funding is the reasonHow this started — one tweet, a governor's retweet, and a study finding that eliminating all property taxes would pull $55–60 billion out of local government and need a 12–15% sales taxWhy 70% of Floridians said no to that, and how the conversation narrowed to homestead onlyWhy 60% is such a high bar: a $25,000 exemption failed at 58% in 2018, and a cost-of-living tweak passed at 61% in 2022What's missing — there's no implementing bill yet, and Marty explains why that worries himWhy the Realtors are for it and the sheriffs are against itThe judge who threw out the ballot title, and Chip's answer on whether it oversold the amendment LINKSAmendment 3 bill text: https://www.flsenate.gov/Session/Bill/2026F/1F/?Tab=BillText Broward County Property Appraiser: https://bcpa.net Rep. Chip LaMarca: https://www.chiplamarca.com/Got a scenario you want a straight answer on? Send us the real numbers and we'll tell you honestly what this does and doesn't do to your deal.Call (954) 271-2024 · condosupport@cp-mtg.com · cp-mtg.comThe South Florida Mortgage Report — Craig A. Garcia, President of Capital Partners Mortgage Services, and Bill Mei.Capital Partners Mortgage Services, LLC · NMLS #2332376 · Equal Housing Opportunity NMLS Consumer Access: www.nmlsconsumeraccess.org This is educational commentary and is not tax, legal or financial advice, and is not a commitment to lend. Figures cited are as stated by our guests on September 14, 2026 and are their own; property tax outcomes depend on your specific property, exemptions and local millage rates. The fiscal impact study linked above is the work of the Broward County Property Appraiser's office. Opinions expressed by guests are their own.