FL S1906

Proposes constitutional amendment to Article VII, Section 4 authorizing counties and municipalities to freeze assessed homestead values for low-income seniors receiving an additional homestead exemption.

Allows assessment freeze for persons aged 65 or older with household income of $20,000 or less, provided the property's just value does not exceed 150 percent of the county's average residential property value.

When frozen, assessed value remains at the prior year's level rather than increasing with property value changes, preventing ad valorem tax increases for eligible seniors.

Requires the state-designated agency to calculate and provide each county's average just value of residential property based on the prior year's final tax roll to determine eligibility.

Designates this as a constitutional amendment requiring voter approval at the next general election or earlier special election authorized by law.