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FL H0773
Joint Resolution
Status
Failed
6/16/2025
Primary Sponsor
Kevin Steele
Click for details
AI Summary
- Proposes a constitutional amendment to Section 4, Article VII of the Florida Constitution to assess homestead property at the most recent purchase price or, for new construction, the cost of construction, rather than at "just value"
- Eliminates the current annual assessment increase cap, which limits increases to the lower of 3% or the change in the Consumer Price Index
- Removes the "portability" provision that allows homeowners to transfer up to $500,000 in accumulated Save Our Homes assessment differential to a new homestead property within 3 years
- Retains provisions allowing changes, additions, reductions, or improvements to homestead property to be assessed as provided by general law
- Requires voter approval at the next general election or authorized special election, with an effective date of January 1, 2027
Legislative Description
Revising How Homestead Property is Assessed
Last Action
Died in Ways & Means Committee
6/16/2025
Committee Referrals
Ways and Means Committee2/26/2025
Full Bill Text
No bill text available