FL S0452

Extends the "portability period" for transferring homestead property tax assessment benefits from 2 years to 3 years when a homeowner moves to a new homestead.

Allows homeowners who received a homestead exemption within the three years immediately preceding establishment of a new homestead to transfer their prior property's assessed value benefits to the new homestead.

Maintains the $500,000 cap on the difference between just value and assessed value that can be transferred to a new homestead.

Proposes an amendment to Section 4 of Article VII and creates a new section in Article XII of the Florida Constitution.

Effective date of January 1, 2019, contingent on voter approval at the next general election or earlier special election.