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FL S1018
Bill
Status
Failed
6/16/2025
Primary Sponsor
Blaise Ingoglia
Click for details
AI Summary
- Increases the Florida homestead tax exemption from $25,000 to $75,000 in assessed valuation for all levies, except assessments for special benefits
- Eliminates the current separate additional $25,000 exemption on assessed valuation above $50,000 for non-school district levies, replacing it with the single consolidated $75,000 exemption
- Requires the $75,000 exemption amount to be adjusted annually on January 1 for inflation, based on the Consumer Price Index for All Urban Consumers, but only if the percentage change is positive
- Maintains existing rules allowing the exemption to be apportioned among co-owners who reside on the property and capping the exemption at $75,000 per person or dwelling
- Takes effect only if a corresponding amendment to the State Constitution (proposed by SJR 1016 or a similar joint resolution) is approved by voters at the next general election or an earlier authorized special election
Legislative Description
Homestead Exemptions
Last Action
Died in Community Affairs
6/16/2025
Full Bill Text
No bill text available