FL H0055

Proposes constitutional amendment authorizing counties and municipalities to limit assessed value of homesteads for low-income seniors age 65 and older to prior year assessed value if just value does not exceed 150% of average homestead value in the county or municipality.

Requires state agency designation to calculate average just value of homestead property and provide annual information to property appraisers based on prior year's tax roll.

Allows counties and municipalities to implement assessment limitation through ordinance adoption as prescribed by general law.

Limits tax increases for qualifying low-income senior homeowners by capping assessments at prior year value when property value stays within 150% of county or municipal average.

Includes ballot language explaining that affected seniors will not pay more county or municipal ad valorem taxes than prior year solely due to homestead property value increases within the specified threshold.