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FL S0278
Joint Resolution
Status
Introduced
10/23/2025
Primary Sponsor
Mackenson Bernard
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AI Summary
- Proposes a constitutional amendment to limit property tax assessment increases when a new owner establishes homestead on a property that had an assessed value under $500,000 in the prior year
- Caps the assessed value for qualifying new homestead properties at no more than 150% of the property's assessed value from the preceding year, rather than resetting to full market value
- After the initial capped assessment, the property would continue to be assessed under standard homestead assessment rules (annual increases limited to 3% or CPI, whichever is lower)
- Requires voter approval at a general election or special election to amend Article VII, Section 4 of the Florida Constitution
- Amendment would take effect January 1, 2027, if approved by voters
Legislative Description
Limitation on the Assessed Value of New Homestead Property
Last Action
Introduced
1/13/2026
Full Bill Text
No bill text available