FL H1289

Proposes a constitutional amendment to create an additional homestead tax exemption for homestead property owners, applying to all levies other than school district levies

Provides 30 percent exemption on just value between $75,000 and $200,000, plus 15 percent on just value between $200,000 and $400,000

Allows the Legislature to adjust the percentage of just value or the maximum and minimum value levels used to calculate the exemption, but prohibits reducing the exemption below the amounts specified in the amendment

Reduces the value of the additional exemption by the difference between just value and assessed value of the property

Takes effect January 1, 2013 if approved at the 2012 general election, or upon voter approval at an earlier special election, operating retroactively to January 1, 2012