Loading chat...
FL S1016
Joint Resolution
Status
Failed
6/16/2025
Primary Sponsor
Blaise Ingoglia
Click for details
AI Summary
- Proposes a constitutional amendment to increase Florida's homestead property tax exemption from $25,000 to $75,000 of assessed valuation, applying to all levies including school district levies
- Eliminates the current separate homestead exemption that applies only to non-school district levies on assessed value between $50,000 and $75,000
- Requires annual inflation adjustments to the $75,000 exemption amount each January 1, based on the Consumer Price Index for All Urban Consumers reported by the Bureau of Labor Statistics
- Would be placed on the ballot at the next general election or an earlier special election for voter approval as a constitutional amendment
- If approved by voters, the amendment would take effect January 1, 2027
Legislative Description
Increased Homestead Property Exemptions
Last Action
Died in Community Affairs
6/16/2025
Full Bill Text
No bill text available