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FL S1610
Joint Resolution
AI Summary
- Proposes an amendment to the Florida State Constitution (Article VII, Section 4) to prohibit increases in assessed value for homestead and nonhomestead property when the property's just (market) value has decreased since the preceding January 1
- Applies to homestead properties subject to the existing 3% annual assessment increase cap and nonhomestead residential (9 units or fewer) and other real property subject to the existing 10% annual assessment increase cap, for all levies other than school district levies
- Excludes assessments related to changes, additions, reductions, or improvements to the property, which would continue to be assessed as provided by general law
- Sponsored by Senator Polsky, the joint resolution would be submitted to Florida voters for approval or rejection at the next general election or an earlier special election authorized by law
- If approved by voters, the amendment would take effect January 1, 2027
Legislative Description
Assessment of Property with Decreasing Just Valuation
Last Action
Introduced
1/22/2026
Full Bill Text
No bill text available