Laughlin Tanner Group
SEPTEMBER 2026
 
2026 Florida Property Tax Amendment 3 Infographic
2026 Florida Property Tax
Amendment 3

What is it? Separating fact from fiction.
You may have heard that Amendment 3 would eliminate property taxes in Florida. It won't. Here's what it would actually do if voters approve it on November 3:
  • Higher homestead exemption benefit. The exemption on non-school taxes would increase from $50,000 today to $150,000 in 2027 and $250,000 in 2028, then adjust for inflation.
  • School taxes don't change. The larger exemption applies only to non-school levies.
  • Second homes get a lower cap, not the exemption. Annual assessment increases on non-homestead property, including second homes, rentals, and commercial property, would be capped at 5% instead of 10%.
  • New residents wait. Anyone who isn't a Florida resident by December 31, 2026 would receive the current exemption first, and the larger one would begin in their fifth year of exemption.
  • It needs 60% of voter approval to pass. A simple majority isn't enough for a constitutional amendment.
  • It takes effect January 1, 2027 if approved.
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SARASOTA PREPARES TO HOST THE WORLD
Benderson Park Boathouse and Sports Complex
Benderson Park Plans $80 Million Boathouse and Multi-Sport Complex
Targeted completion is summer 2028
in time to host the World Rowing Championships
Sarasota's standing as one of the world's top rowing destinations is about to get a major upgrade. Construction on the Nathan Benderson Park Multi-Sport Complex and Boathouse is set to begin this fall, with completion targeted for summer 2028, in time to host the World Rowing Championships. Plans include a new boathouse and eight indoor basketball courts that convert to 16 volleyball courts, along with training, medical, and event space.

The new complex adds international visibility and a year-round venue, which supports long-term value for nearby communities like The Concession, Lakewood Ranch, University Park and The Estates at TerraNova.
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AI REAL ESTATE FRAUD ALERT
AI Real Estate Fraud
AI Is Making Wire Fraud
Harder to Spot

What you need to know before closing
Scammers are now using AI to clone voices and fake documents, making wire fraud schemes more convincing than ever. Real estate fraud losses climbed to over $275 million last year, and Florida ranks among the highest-risk states in the country. The most vulnerable moment comes between contract and closing, when payment instructions are shared by email. Treat any change to wiring instructions as a red flag, and always verify directly with your title company or closing attorney using a phone number you already have on file. Owners of vacant or investment properties should stay especially alert.
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SARASOTA IS GOOD FOR HIGH EARNERS
Florida No Income Tax Benefits
Moving to Florida Could Amount
to a 30% Increase in Pay

For high earners in high-tax states, Florida residency can change far more than a tax bill
For high-income households, moving to Florida can change how much money they keep each year far more than many people expect. In a recent Wall Street Journal column, economist Stephen Moore estimated that a very high earner in California or New York City keeps roughly 46 cents of each additional dollar earned, compared with about 60 cents in a state with no income tax. That's about 30% more take-home income, and the difference repeats every year.
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MARKET ACTIVITY REPORTS
What's listing? What's selling? Find out in our monthly real estate activity reports featuring your favorite Sarasota neighborhoods!
West of Trail Siesta Key Downtown
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Bird Key St. Armands-Lido Longboat Key
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West of Trail North West of Trail South East of Trail
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South Siesta Key Anna Maria Island Luxury Real Estate Market Activity Report East County Acreage
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NEW LISTINGS
These listings are new to market or will be coming on the market
in the near future. Contact me for more information
or exclusive showings.
New Listing
RITZ-CARLTON RESIDENCES SARASOTA
401 Quay Commons #805
4BR/3.5BA/2,976SF | $7,395,000

Very few residences transcend the Ritz-Carlton standard of living. This one does. Among the first to buy into the Ritz-Carlton Sarasota, the owner was able to structurally reconfigure the residence into a bespoke original. Together with a guaranteed fast-track membership to the Ritz-Carlton Members Club, with access to beach, golf and spa, the privilege of owning here is yours alone.
PHOTOS + VIDEO + 3D TOUR

New Listing
COMING SOON
THE ESTATES AT TERRANOVA
32206 Grand National Drive, Myakka City
$5,250,000

The Chloe is the first builder-curated residence within The Estates at TerraNova, a private, gated community of custom homes on expansive acreage. Designed for a sporting lifestyle, The Estates at TerraNova brings together equestrian, golf, nature and lifestyle amenities, all within reach of Sarasota's culture and beaches.
Now available for private tours by appointment.

New Listing
COMING SOON
MULTI-GENERATIONAL EQUESTRIAN COMPOUND
3225 233rd Street East, Myakka City
$2,825,000

This 13-acre multi-generational equestrian compound includes the main house, guest house, apartment over detached workshop, equipment garage and horse barn. The property is double fenced, has three pastures, a pond and wooded area with hacking trail.
 
RECENT SALES
In the last month, we represented the sellers and/or buyers of the following properties.
Sold Listing
CHEROKEE PARK
Highest Sale in Cherokee Park in 20 Years
$10,140,000

represented buyer
Sold Listing
PENDING IN 1 DAY
WEST OF TRAIL SOUTH
$2,950,000

represented seller
PHOTOS + VIDEO + 3D TOUR

Sold Listing
PENDING IN 16 DAYS
BOCA ROYALE
$1,050,000

represented seller
PHOTOS + VIDEO + 3D TOUR
 
Laughlin Tanner Group
Sarasota Luxury Real Estate Trifecta
Three levels of #1. All Working for you.
Number One
For thirty-six years and over $3 billion in Sarasota luxury sales, the Laughlin Tanner Group has honored the value of well-loved homes while delivering results that consistently outperform.

While most real estate agents are a jack of all trades, the Laughlin Tanner Group has a master for each one. Every lead advisor is supported by a team of specialists dedicated to presentation, marketing, customer care and transaction management. Every detail is accounted for. The team's full-service model is built to ensure that your agent's full attention stays on you.
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