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FL H0469

Joint Resolution

Official Source

Status

Failed

5/5/2023

Primary Sponsor

Juan Fernandez-Barquin

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Proposes an amendment to the Florida State Constitution (Article VII, Section 4) to reduce the annual cap on homestead property tax assessment increases from 3% to 2%
  • The lower of either the new 2% cap or the annual percent change in the Consumer Price Index for all urban consumers would apply to each year's assessment increase
  • Requires voter approval at the next general election or an earlier special election specifically authorized by law
  • Creates a new section in Article XII (Schedule) of the State Constitution to establish an effective date of January 1, 2025, for the revised assessment limitation
  • All other existing homestead assessment provisions remain unchanged, including the $500,000 portability cap, reassessment at just value upon change of ownership, and the requirement that no assessment exceed just value

Legislative Description

Revised Limitation on Increases of Homestead Property Tax Assessments

Last Action

Died in Local Administration, Federal Affairs & Special Districts Subcommittee

5/5/2023

Committee Referrals

Local Administration, Federal Affairs & Special Districts Subcommittee3/20/2023
Ways and Means Committee2/1/2023

Full Bill Text

No bill text available