FL H0369

Increases the portability period for transferring Save-Our-Homes assessment benefits from a prior homestead to a new homestead from 2 years to 3 years, effective January 1, 2021.

Amends Article VII, Section 4 of the Florida Constitution to extend the time window during which homeowners can transfer accrued homestead property tax assessment limitations to a newly established homestead.

Requires the amendment to be submitted to Florida voters for approval at the next general election or earlier special election authorized by law.

Allows homeowners who establish a new homestead to benefit from their prior homestead's lower assessment value if they had a homestead exemption within the preceding three years (previously two years).

Ballot language clarifies this is a constitutional amendment affecting limitations on homestead property tax assessments and the increased portability period to transfer accrued benefits.