FL S0808

Proposes a constitutional amendment to authorize counties and municipalities to limit assessed values of homesteads for low-income senior citizens receiving an additional homestead exemption.

Allows assessment caps for homestead property owned by seniors age 65+ with household income of $20,000 or less, limiting assessments to the prior year's assessed value if the property's just value does not exceed 150% of the average homestead property value in the county or municipality.

Requires the legislature to establish by general law the procedure for counties and municipalities to adopt this limitation by ordinance and designate a state agency to calculate and annually report average homestead property values to property appraisers.

Prevents affected homeowners from paying increased county or municipal ad valorem taxes on their homesteads due to property value increases, provided the property meets the value threshold.

Submits the amendment to Florida voters for approval at the next general election or earlier special election.