All Florida countiesBased on the 2026 certified tax roll and 2025 tax rates
Putnam CountyAmendment 3Tax Calculator
Property search and homestead exemption estimates
All Florida countiesBased on the 2026 certified tax roll and 2025 tax ratesAn estimate of how Amendment 3's larger homestead exemption could change ad valorem property tax revenue for the Town of Welaka, based on 2026 property values and the 2025 town tax rate of 5.5000 mills.
Illustrative estimates only. These figures are meant to illustrate how Amendment 3 could affect the Town of Welaka based on current data. They are not official. For official information about the Town of Welaka's budget, tax rate and revenue, contact the Town of Welaka directly. For official property values and exemptions, contact the Putnam County Property Appraiser.
Homestead assessed values rise 3% a year, the most Save Our Homes allows. All other property stays at its 2026 taxable value. The town's tax rate stays at its 2025 level. The gross levy is taxable value times the tax rate. The budget basis is 95% of the gross levy, which allows for early-payment discounts and unpaid taxes; see the limitations below.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $31,848,401 | $77,669,515 | $109,517,916 | $602,349 | $572,231 | — | — |
| 2027 (estimate) | $14,673,552 | $77,669,515 | $92,343,067 | $507,887 | $482,493 | −$89,739 | −15.7% |
| 2028 (estimate) | $5,956,016 | $77,669,515 | $83,625,531 | $459,940 | $436,943 | −$135,288 | −23.6% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $31,848,401 | $77,669,515 | $109,517,916 | $602,349 | $572,231 | — | — |
| 2027 (estimate) | $13,658,346 | $77,669,515 | $91,327,861 | $502,303 | $477,188 | −$95,043 | −16.6% |
| 2028 (estimate) | $4,876,980 | $77,669,515 | $82,546,495 | $454,006 | $431,305 | −$140,926 | −24.6% |
Of Putnam County's five cities and towns, the Town of Welaka has the second-largest estimated percentage change in town ad valorem revenue by 2028. The estimated change is −23.6%. Two things determine its size.
How much of the town's taxable value comes from homesteads. The amendment changes the exemption only for homesteads. Property without a homestead exemption, such as rentals, businesses, second homes and vacant land, keeps its taxable value. In the Town of Welaka, homesteads make up 29.1% of taxable value in 2026, the highest share of the five. Among the five, the share ranges from 14.0% to 29.1%.
How much of that homestead value the new exemption removes. Because the exemption is a flat dollar amount, it removes a larger share of value from homes with lower assessed values. The median homestead in the Town of Welaka has an assessed value of $149,850, the highest of the five. By 2028, the new exemption is estimated to remove 81.3% of the town's homestead taxable value. Among the five, this ranges from 80.4% to 95.3%.
Across the county, the first factor accounts for most of the difference between places. Welaka and Pomona Park, where homesteads make up the largest shares of taxable value, have the largest estimated percentage changes. Crescent City and Palatka, where homesteads make up the smallest shares, have the smallest. Home values matter less at this level. Interlachen has the lowest median homestead assessed value, and the exemption removes 95.3% of its homestead taxable value, but because homesteads are 23.5% of its tax base, its estimated percentage change is the third-largest of the five.
| City or town | Homestead share of taxable value, 2026 | Median homestead assessed value | Homestead taxable value removed by 2028 | Estimated revenue change by 2028 |
|---|---|---|---|---|
| Town of Welaka | 29.1% | $149,850 | 81.3% | −23.6% |
| Town of Pomona Park | 28.3% | $76,995 | 84.1% | −23.8% |
| Town of Interlachen | 23.5% | $72,720 | 95.3% | −22.4% |
| City of Crescent City | 22.5% | $101,995 | 80.4% | −18.1% |
| City of Palatka | 14.0% | $88,195 | 93.2% | −13.1% |
Sorted by homestead share of taxable value. Estimates use homestead assessed values rising 3% a year and the 2025 city tax rates.
| Year | Homestead exemption | Homesteads with $0 town taxable value | Share of homesteads | Median town tax per homestead | Homestead share of town taxable value |
|---|---|---|---|---|---|
| 2026 | up to $51,411 | 34 | 11.5% | $412 | 29.1% |
| 2027 (estimate) | $150,000 | 163 | 55.3% | $0 | 15.9% |
| 2028 (estimate) | $250,000 | 239 | 81.0% | $0 | 7.1% |
Estimates use homestead assessed values rising 3% a year. Median town tax counts only the town's own millage, not county, school or other taxes.
Florida cities and towns also receive money from other sources. Depending on the place, these can include state revenue sharing, the local government half-cent sales tax, local option sales and fuel taxes, public service taxes on utilities, the communications services tax, franchise fees, charges for services such as utilities and permits, and state and federal grants. The mix differs from place to place. The Town of Welaka's adopted budget shows its full set of revenue sources and how much each provides.
Property in the town also pays Putnam County government's fire municipal service taxing unit. That money goes to the county, not the town, and is not included in these figures.
Property values and exemptions: The Putnam County Property Appraiser's 2026 final tax roll, as published by the Florida Department of Revenue. Tax rates: the 2025 millage rates the Florida Department of Revenue posts for Putnam County (2026 rates by tax district were not readily available). Parcel tax districts: the tax district codes on the same tax roll.
For each homestead, the estimated taxable value is its assessed value minus the new homestead exemption ($150,000 in 2027, $250,000 in 2028) and any other exemptions, but not less than zero. The gross levy is the town's total taxable value times 5.5000 mills. The budget basis is 95% of the gross levy, following section 200.065, Florida Statutes, and the Department of Revenue's 2026 TRIM Compliance Workbook. Early-payment discounts: section 197.162, Florida Statutes.