FL H0275

Amends Florida Constitution Article VII, Section 6 to revise how the $250,000 just value threshold is determined for additional homestead tax exemptions granted to seniors age 65 or older who have lived in their home for at least 25 years and meet income requirements

Specifies that the property's just value shall be determined in the first tax year the owner applies and is eligible for the exemption, rather than being reassessed annually

Requires voter approval at the next general election or earlier special election to amend the State Constitution

Takes effect January 1, 2017, following voter approval, with retroactive application to January 1, 2013, for persons who previously received this exemption

Maintains existing eligibility requirements: property owner must be age 65+, have maintained permanent residence for 25+ years, and have household income not exceeding $20,000 (as adjusted for cost of living)