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FL S0120
Bill
Status
Failed
5/5/2023
Primary Sponsor
Community Affairs
Click for details
AI Summary
- Reduces the annual cap on homestead property tax assessment increases from 3% to 2% of the prior year's assessed value
- Retains the existing alternative limit tied to the percentage change in the Consumer Price Index for All Urban Consumers, with assessments capped at the lower of the two measures
- Amends section 193.155, Florida Statutes, which governs annual reassessment of homestead properties beginning in 1995 or the year following initial homestead exemption
- Effective date is contingent on voter approval of a related constitutional amendment proposed by SJR 122 (or a similar joint resolution) at the next general election or an authorized special election
Legislative Description
Homestead Assessments
Last Action
Died in Finance and Tax
5/5/2023
Committee Referrals
Finance and Tax2/16/2023
Full Bill Text
No bill text available