Clermont, FL Real Estate Market Update: November 2026
Amendment 3 has passed.
Florida voters increased our homestead exemption from $50,000 to $150,000 for 2027 and $250,000 for 2028, which will save homeowners approximately $1,000 to $2,000 per year on their property tax. The savings will be implemented in November of 2027 and applied in full in November 2028.
For buyers, this savings will make a measurable difference in the home they can afford. In real numbers, at current interest rates, buyers gained $20,000 to $25,000 in purchasing power.
Now, a buyer who qualifies for a $375,000 home qualifies for a $400,000 home. And for the rest of us who already own our homes, we will enjoy having a lower tax bill.
UPDATE · NOVEMBER 9, 2026
We had Amendment 3 wrong, and so did my newsletter.
Our November newsletter said you had to own a homesteaded home by December 31, 2026 to get the property tax savings. That's not quite right.
What you need by December 31st is Florida residency. Any one of these does it:
- A Florida driver's license
- Voter registration
- A declaration of domicile
Once you're a resident, you can buy your home any time in the next five years and still get the property tax savings.
We were mixing up residency and homeownership. Buying by December 31st won't hurt anyone, but now you know.
Questions about how this works for you? Text or call Matt Mobley at (407) 267-2319.
If you know anyone who is thinking about buying a home, we would love to be the Realtors you send them to. We are here to get the job done for them the way we did for you, and we are still loving this work!
2-CAR VS. 3-CAR GARAGES IN 34711
| 34711 | # Sold | Sq Ft | Median Price |
|---|---|---|---|
| Normal home with 2-car garage | 219 | 1,890 | $387,500 |
| Normal home with 3-car garage | 58 | 2,475 | $560,000 |
| Pool home with 2-car garage | 90 | 2,216 | $515,000 |
| Pool home with 3-car garage | 41 | 3,012 | $657,000 |
Homes with 3-car garages tend to be larger and newer. The complexities of location, neighborhood, age, square footage, and condition all contribute to the differential between 2- and 3-car garage homes. Nevertheless, the numbers above are stunning.
When a pool is not present, the 3-car garage is valued as highly as a pool. Wow!
Curious how your home compares? Find out what your home is worth.
Article by Matt Mobley
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