FL H1291

Establishes an additional homestead exemption of up to $25,000 on assessed valuation greater than $50,000 for all non-school district levies.

Provides a tiered additional exemption equal to 30% of homestead property's just value between $75,000 and $200,000, plus 15% of just value between $200,000 and $400,000, for all non-school district levies.

Exemption value is reduced by the difference between the property's just value and its assessed value determined under section 196.075.

Appropriates $115,056 in nonrecurring General Revenue Fund to the Department of State for publishing the related constitutional amendment (HJR 1289).

Takes effect January 1, 2013, or retroactively to January 1, 2012, upon voter approval of the constitutional amendment at the November 2012 general election or an earlier special election.