An estimate of how Amendment 3's larger homestead exemption could change ad valorem property tax revenue for the Town of Pierson, based on 2026 property values and the final 2026 town tax rate of 5.2439 mills.
Illustrative estimates only. These figures are meant to illustrate how Amendment 3 could affect the Town of Pierson based on current data. They are not official. For official information about the Town of Pierson's budget, tax rate and revenue, contact the Town of Pierson directly. For official property values and exemptions, contact the Volusia County Property Appraiser.
Homestead assessed values rise by up to 3% a year, the most Save Our Homes allows, but never above each home's 2026 just (market) value. All other property stays at its 2026 taxable value. The town's tax rate stays at its final 2026 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 | $31,009,951 | $62,257,276 | $93,267,227 | $489,084 | $464,630 | — | — |
| 2027 (estimate) | $13,204,194 | $62,257,276 | $75,461,470 | $395,712 | $375,927 | −$88,703 | −19.1% |
| 2028 (estimate) | $6,087,393 | $62,257,276 | $68,344,669 | $358,393 | $340,473 | −$124,157 | −26.7% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $31,009,951 | $62,257,276 | $93,267,227 | $489,084 | $464,630 | — | — |
| 2027 (estimate) | $12,416,929 | $62,257,276 | $74,674,205 | $391,584 | $372,005 | −$92,625 | −19.9% |
| 2028 (estimate) | $5,205,910 | $62,257,276 | $67,463,186 | $353,770 | $336,082 | −$128,548 | −27.7% |
Of Volusia County's 17 cities and towns, the Town of Pierson has the eighth-smallest estimated percentage change in town ad valorem revenue by 2028. The estimated change is −26.7%. 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 Pierson, homesteads make up 33.2% of taxable value in 2026, the sixth-lowest share of the 17. Among the 17, the share ranges from 21.1% to 58.2%.
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 Pierson has an assessed value of $117,081, the second-lowest of the 17. By 2028, the new exemption is estimated to remove 80.4% of the town's homestead taxable value. Among the 17, this ranges from 43.6% to 100.0%.
Across the county, places where homesteads make up a larger share of taxable value generally have larger estimated percentage changes. Home values matter less at this level. Holly Hill has the lowest median homestead assessed value, and the exemption removes 89.2% of its homestead taxable value, but because homesteads are 21.6% of its tax base, its estimated percentage change is the fifth-smallest of the 17.
| City or town | Homestead share of taxable value, 2026 | Median homestead assessed value | Homestead taxable value removed by 2028 | Estimated revenue change by 2028 |
|---|---|---|---|---|
| City of DeBary | 58.2% | $218,727 | 74.7% | −43.5% |
| City of Lake Helen | 53.5% | $155,978 | 75.1% | −40.2% |
| City of Deltona | 50.1% | $147,445 | 91.6% | −45.9% |
| City of Ormond Beach | 45.6% | $221,404 | 63.3% | −28.9% |
| City of DeLand | 44.7% | $235,116 | 78.1% | −34.9% |
| City of Oak Hill | 44.1% | $171,260 | 69.9% | −30.8% |
| City of Edgewater | 44.0% | $159,241 | 81.7% | −36.0% |
| City of Port Orange | 43.4% | $194,686 | 78.7% | −34.2% |
| Town of Ponce Inlet | 38.5% | $350,289 | 43.6% | −16.8% |
| City of New Smyrna Beach | 38.2% | $264,421 | 53.4% | −20.4% |
| City of South Daytona | 35.3% | $145,228 | 83.5% | −29.5% |
| Town of Pierson | 33.2% | $117,081 | 80.4% | −26.7% |
| City of Daytona Beach | 23.6% | $186,392 | 69.0% | −16.3% |
| City of Flagler Beach | 23.1% | $170,641 | 100.0% | −23.1% |
| City of Orange City | 21.8% | $165,827 | 87.1% | −19.0% |
| City of Holly Hill | 21.6% | $113,139 | 89.2% | −19.3% |
| City of Daytona Beach Shores | 21.1% | $265,216 | 59.6% | −12.6% |
Sorted by homestead share of taxable value. Estimates use homestead assessed values rising by up to 3% a year, capped at just value and the final 2026 municipal 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 | 23 | 7.1% | $305 | 33.2% |
| 2027 (estimate) | $150,000 | 209 | 64.7% | $0 | 17.5% |
| 2028 (estimate) | $250,000 | 273 | 84.5% | $0 | 8.9% |
Estimates use homestead assessed values rising by up to 3% a year, capped at just value. 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 Pierson's adopted budget shows its full set of revenue sources and how much each provides.
Property in the town also pays Volusia County government's fire district. That money goes to the county, not the town, and is not included in these figures.
Property values and exemptions: The Volusia County Property Appraiser's 2026 final tax roll, as published by the Florida Department of Revenue. Tax rates: the Property Appraiser's final 2026 millage rates by millage code. Parcel tax districts: the millage 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 5.2439 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.