FL H0039

Proposes constitutional amendment to prohibit increases in assessed value of homestead property when the just value of the property decreases.

Requires annual assessment changes on January 1 with increases limited to the lower of 3% or the Consumer Price Index change for homestead property.

Maintains that no assessment may exceed just value and applies homestead exemption to eligible property owners under Section 6 of Article VII.

Creates new Article XII, Section 31 establishing an effective date of January 1, 2011 for the amendment regarding homestead property with declining just value.

Requires submission of the amendment to Florida electors for approval at the next general election or earlier special election authorized by law.