How much could Amendment 3 save Central Florida homeowners?

A hotly-debated new constitutional amendment will go before Florida voters on Tuesday — and a handy new tool has been released to help homeowners determine how much they could save.The proposed property-tax plan — Amendment 3 — provides a new homestead exemption for non-school taxes for residents in the state. HOW DOES AMENDMENT 3 WORK?Current homestead exemption rules in the state operate as follows, with two different brackets of assessed value being tax exempt:Assessed ValueApplication of Homestead Exemption (Current)The first $25,000Exempt from all property tax-- $50,000Fully taxable-- $75,000Exempt from non-school taxesRemaining valueTaxable, though other exemptions may applyBut under Amendment 3, the exemptions would apply solely to non-school taxes, though the exempted amount would raise dramatically:2027 — First $150,000 of assessed value2028 — First $250,000 of assessed value2029 onward — First $250,000 of assessed value, indexed to inflation[RELATED: Florida Realtors are sp