Loading chat...
FL S0652
Bill
AI Summary
- Amends Section 193.155, Florida Statutes, to change how property receiving a homestead exemption after January 1, 1994, is initially assessed — replacing assessment "at just value" with assessment under the provisions of s. 193.1554 or s. 193.1555 (non-homestead residential and nonresidential property assessment limitation provisions)
- Existing annual reassessment caps remain unchanged: increases limited to the lesser of 3% of the prior year's assessed value or the percentage change in the Consumer Price Index
- Portability provisions allowing transfer of assessment limitation differences (up to $500,000) when establishing a new homestead within 3 years of abandoning a prior homestead are retained without modification
- Sponsored by Senator Garcia during the 2024 Florida legislative session as SB 652
- Effective date is contingent upon voter approval of a corresponding amendment to the State Constitution proposed by a related Senate Joint Resolution at the next general election or an authorized special election
Legislative Description
Homestead Assessments
Last Action
Died in Community Affairs
3/8/2024
Full Bill Text
No bill text available