# Ken Griffin and Jeff Bezos helped make Miami a billionaire magnet—but Florida’s new $250,000 homestead exemption barely makes a dent for them

- Source: Fortune | FORTUNE
- Published: 2026-11-05T08:03:00+00:00
- Category: Business
- Original: https://fortune.com/2026/11/05/florida-amendment-3-property-tax-system-doesnt-make-a-dent-for-billionaires-ultrawealthy/
- Canonical: https://groundlevelnews.com/story/ken-griffin-and-jeff-bezos-helped-make-miami-a-billionaire-magnet-but--c35207/

A middle-class homeowner and the owner of a $50 million mansion could save about the same $2,000 a year under Florida’s new property tax cut. Only one of them will notice.

_Ground Level News shows a short summary only; the full article and all rights belong to Fortune | FORTUNE._