FL H7015

Amends Article VII, Section 4 of the Florida Constitution to add a third cap on homestead property assessment growth: the percent change in just value, in addition to existing caps of 3% or CPI inflation rate (whichever is lower)

Authorizes the Legislature to freeze assessed values for homestead and specified nonhomestead properties when just value declines below the prior year's just value

Extends similar assessment growth limitations to nonhomestead residential property (9 units or fewer) and other nonhomestead real property, capping increases at the lower of 10% or the percent change in just value

Requires voter approval at the next general election or special election, with an effective date of January 1, 2017

Maintains existing provisions for portability of homestead assessment savings (up to $500,000) when owners establish a new homestead