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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
House Joint Resolution 1
A joint resolution proposing an amendment to Section 4 2
of Article VII and the creation of a new section in 3
Article XII of the State Constitution to revise the 4
limitation on annual increases of homestead property 5
tax assessments and to provide an effective date. 6
7
Be It Resolved by the Legislature of the State of Florida: 8
9
That the following amendment to Section 4 of Article VII 10
and the creation of a new se ction in Article XII of the State 11
Constitution are agreed to and shall be submitted to the 12
electors of this state for approval or rejection at the next 13
general election or at an earlier special election specifically 14
authorized by law for that purpose: 15
ARTICLE VII 16
FINANCE AND TAXATION 17
SECTION 4. Taxation; assessments. —By general law 18
regulations shall be prescribed which shall secure a just 19
valuation of all property for ad valorem taxation, provided: 20
(a) Agricultural land, land producing high water rechar ge 21
to Florida's aquifers, or land used exclusively for 22
noncommercial recreational purposes may be classified by general 23
law and assessed solely on the basis of character or use. 24
(b) As provided by general law and subject to conditions, 25
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
limitations, and reasonable definitions specified therein, land 26
used for conservation purposes shall be classified by general 27
law and assessed solely on the basis of character or use. 28
(c) Pursuant to general law tangible personal property 29
held for sale as stock in trade a nd livestock may be valued for 30
taxation at a specified percentage of its value, may be 31
classified for tax purposes, or may be exempted from taxation. 32
(d) All persons entitled to a homestead exemption under 33
Section 6 of this Article shall have their homes tead assessed at 34
just value as of January 1 of the year following the effective 35
date of this amendment. This assessment shall change only as 36
provided in this subsection. 37
(1) Assessments subject to this subsection shall be 38
changed annually on January 1st of each year; but those changes 39
in assessments shall not exceed the lower of the following: 40
a. Two Three percent (2%) (3%) of the assessment for the 41
prior year. 42
b. The percent change in the Consumer Price Index for all 43
urban consumers, U.S. City Averag e, all items 1967=100, or 44
successor reports for the preceding calendar year as initially 45
reported by the United States Department of Labor, Bureau of 46
Labor Statistics. 47
(2) No assessment shall exceed just value. 48
(3) After any change of ownership, as pro vided by general 49
law, homestead property shall be assessed at just value as of 50
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
January 1 of the following year, unless the provisions of 51
paragraph (8) apply. Thereafter, the homestead shall be assessed 52
as provided in this subsection. 53
(4) New homestead property shall be assessed at just value 54
as of January 1st of the year following the establishment of the 55
homestead, unless the provisions of paragraph (8) apply. That 56
assessment shall only change as provided in this subsection. 57
(5) Changes, additions, r eductions, or improvements to 58
homestead property shall be assessed as provided for by general 59
law; provided, however, after the adjustment for any change, 60
addition, reduction, or improvement, the property shall be 61
assessed as provided in this subsection. 62
(6) In the event of a termination of homestead status, the 63
property shall be assessed as provided by general law. 64
(7) The provisions of this amendment are severable. If any 65
of the provisions of this amendment shall be held 66
unconstitutional by any court of competent jurisdiction, the 67
decision of such court shall not affect or impair any remaining 68
provisions of this amendment. 69
(8)a. A person who establishes a new homestead as of 70
January 1 and who has received a homestead exemption pursuant to 71
Section 6 of this Article as of January 1 of any of the three 72
years immediately preceding the establishment of the new 73
homestead is entitled to have the new homestead assessed at less 74
than just value. The assessed value of the newly established 75
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
homestead shall be det ermined as follows: 76
1. If the just value of the new homestead is greater than 77
or equal to the just value of the prior homestead as of January 78
1 of the year in which the prior homestead was abandoned, the 79
assessed value of the new homestead shall be the j ust value of 80
the new homestead minus an amount equal to the lesser of 81
$500,000 or the difference between the just value and the 82
assessed value of the prior homestead as of January 1 of the 83
year in which the prior homestead was abandoned. Thereafter, the 84
homestead shall be assessed as provided in this subsection. 85
2. If the just value of the new homestead is less than the 86
just value of the prior homestead as of January 1 of the year in 87
which the prior homestead was abandoned, the assessed value of 88
the new homestead shall be equal to the just value of the new 89
homestead divided by the just value of the prior homestead and 90
multiplied by the assessed value of the prior homestead. 91
However, if the difference between the just value of the new 92
homestead and the asse ssed value of the new homestead calculated 93
pursuant to this sub -subparagraph is greater than $500,000, the 94
assessed value of the new homestead shall be increased so that 95
the difference between the just value and the assessed value 96
equals $500,000. Thereaft er, the homestead shall be assessed as 97
provided in this subsection. 98
b. By general law and subject to conditions specified 99
therein, the legislature shall provide for application of this 100
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
paragraph to property owned by more than one person. 101
(e) The legislature may, by general law, for assessment 102
purposes and subject to the provisions of this subsection, allow 103
counties and municipalities to authorize by ordinance that 104
historic property may be assessed solely on the basis of 105
character or use. Such character or use assessment shall apply 106
only to the jurisdiction adopting the ordinance. The 107
requirements for eligible properties must be specified by 108
general law. 109
(f) A county may, in the manner prescribed by general law, 110
provide for a reduction in the assessed v alue of homestead 111
property to the extent of any increase in the assessed value of 112
that property which results from the construction or 113
reconstruction of the property for the purpose of providing 114
living quarters for one or more natural or adoptive grandpare nts 115
or parents of the owner of the property or of the owner's spouse 116
if at least one of the grandparents or parents for whom the 117
living quarters are provided is 62 years of age or older. Such a 118
reduction may not exceed the lesser of the following: 119
(1) The increase in assessed value resulting from 120
construction or reconstruction of the property. 121
(2) Twenty percent of the total assessed value of the 122
property as improved. 123
(g) For all levies other than school district levies, 124
assessments of residential rea l property, as defined by general 125
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
law, which contains nine units or fewer and which is not subject 126
to the assessment limitations set forth in subsections (a) 127
through (d) shall change only as provided in this subsection. 128
(1) Assessments subject to this su bsection shall be 129
changed annually on the date of assessment provided by law; but 130
those changes in assessments shall not exceed ten percent (10%) 131
of the assessment for the prior year. 132
(2) No assessment shall exceed just value. 133
(3) After a change of own ership or control, as defined by 134
general law, including any change of ownership of a legal entity 135
that owns the property, such property shall be assessed at just 136
value as of the next assessment date. Thereafter, such property 137
shall be assessed as provided in this subsection. 138
(4) Changes, additions, reductions, or improvements to 139
such property shall be assessed as provided for by general law; 140
however, after the adjustment for any change, addition, 141
reduction, or improvement, the property shall be assessed a s 142
provided in this subsection. 143
(h) For all levies other than school district levies, 144
assessments of real property that is not subject to the 145
assessment limitations set forth in subsections (a) through (d) 146
and (g) shall change only as provided in this sub section. 147
(1) Assessments subject to this subsection shall be 148
changed annually on the date of assessment provided by law; but 149
those changes in assessments shall not exceed ten percent (10%) 150
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
of the assessment for the prior year. 151
(2) No assessment shall e xceed just value. 152
(3) The legislature must provide that such property shall 153
be assessed at just value as of the next assessment date after a 154
qualifying improvement, as defined by general law, is made to 155
such property. Thereafter, such property shall be a ssessed as 156
provided in this subsection. 157
(4) The legislature may provide that such property shall 158
be assessed at just value as of the next assessment date after a 159
change of ownership or control, as defined by general law, 160
including any change of ownership of the legal entity that owns 161
the property. Thereafter, such property shall be assessed as 162
provided in this subsection. 163
(5) Changes, additions, reductions, or improvements to 164
such property shall be assessed as provided for by general law; 165
however, after the adjustment for any change, addition, 166
reduction, or improvement, the property shall be assessed as 167
provided in this subsection. 168
(i) The legislature, by general law and subject to 169
conditions specified therein, may prohibit the consideration of 170
the following in the determination of the assessed value of real 171
property: 172
(1) Any change or improvement to real property used for 173
residential purposes made to improve the property's resistance 174
to wind damage. 175
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
(2) The installation of a solar or renewable ener gy source 176
device. 177
(j)(1) The assessment of the following working waterfront 178
properties shall be based upon the current use of the property: 179
a. Land used predominantly for commercial fishing 180
purposes. 181
b. Land that is accessible to the public and used for 182
vessel launches into waters that are navigable. 183
c. Marinas and drystacks that are open to the public. 184
d. Water-dependent marine manufacturing facilities, 185
commercial fishing facilities, and marine vessel construction 186
and repair facilities and their support activities. 187
(2) The assessment benefit provided by this subsection is 188
subject to conditions and limitations and reasonable definitions 189
as specified by the legislature by general law. 190
ARTICLE XII 191
SCHEDULE 192
Revised limitation on increases of home stead property tax 193
assessments.—The amendment to Section 4 of Article VII revising, 194
from 3 percent to 2 percent, the limitation on an annual 195
increase of a homestead property tax assessment when such 196
percentage is lower than the percent change in the Consum er 197
Price Index for all urban consumers for the preceding calendar 198
year shall take effect January 1, 2025. 199
BE IT FURTHER RESOLVED that the following statement be 200
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
placed on the ballot: 201
CONSTITUTIONAL AMENDMENT 202
ARTICLE VII, SECTION 4 203
ARTICLE XII 204
REVISED LIMITATION ON INCREASES OF HOMESTEAD PROPERTY TAX 205
ASSESSMENTS.—Proposing an amendment to the State Constitution to 206
revise, from 3 percent to 2 percent, the limitation on an annual 207
increase of a homestead property tax assessment when such 208
percentage is lower t han the percent change in the Consumer 209
Price Index for all urban consumers for the preceding calendar 210
year. If approved, this amendment shall take effect January 1, 211
2025. 212