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FL S1060
Joint Resolution
Status
Failed
3/8/2024
Primary Sponsor
Alexis Calatayud
Click for details
AI Summary
- Proposes an amendment to Florida's Constitution (Article VII, Section 4) to extend the 10% annual assessment increase cap on non-homestead residential real property (nine units or fewer) and other non-homestead real property to school district levies, which are currently exempt from this cap
- Removes the phrase "other than school district levies" from subsections (g) and (h) of Section 4, meaning school districts would be subject to the same assessment limitation rules as counties and municipalities
- Requires voter approval through a ballot measure at the next general election or an earlier special election specifically authorized by law
- Sets an effective date of January 1, 2025, for the assessment changes to apply to school district levies
- Sponsored by Senator Calatayud, the resolution would reduce the taxable value of certain properties for school district purposes, potentially lowering school district tax revenue from rapidly appreciating properties
Legislative Description
Assessments for School District Levies
Last Action
Died in Education Pre-K -12
3/8/2024
Full Bill Text
No bill text available