FL S1178

Freezes the assessed value of homestead property for "senior citizen homesteaders" — persons age 65 or older who have received a homestead exemption — at the assessed value as of the January 1 immediately preceding the date they turned 65, provided they meet specified income limitations under s. 196.075(3)

Defines "income" as the adjusted gross income under IRC Section 62 of the homestead exemption applicant, or in the case of co-applicants, the first person listed on the application

Requires the senior citizen homesteader to be the applicant (or first-listed co-applicant) on the homestead exemption application to qualify for the assessment limitation

Authorizes property appraisers who discover the limitation was improperly granted within the previous 10 years to serve a notice of intent to record a tax lien against any property owned by the person in the county

If the homesteader no longer meets the income limitation and the property has not changed ownership, the property must be reassessed for any tax year in which the income requirement was not met; the act takes effect only if a related constitutional amendment (SJR 326 or similar) is approved by voters at a general or special election