FL H0789

Proposes a constitutional amendment authorizing counties and municipalities to limit assessed value increases on homesteads of low-income senior citizens receiving additional homestead exemptions.

Applies only to homesteads where the just value equals or is less than 150% of the average just value of homestead property in the respective county or municipality.

Allows assessed value to remain at the prior year's amount instead of increasing when just value rises, provided the property qualifies under income and age requirements.

Requires the additional homestead exemption applicant to be 65 years or older with household income of $20,000 or less to be eligible for the assessment limitation.

Amendment must be approved by Florida voters at the next general election or earlier special election before becoming effective.