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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 6 2
of Article VII and the creation of a new section in 3
Article XII of the State Constitution to revise 4
assessments on homestead property. 5
6
Be It Resolved by the Legislature of the State of Florida: 7
8
That the following amendment to Section 6 of Article VII of 9
the State Constitution is agreed to and shall be submitted to 10
the electors of this state for approval or rejection at the next 11
general election or at an earlier special election specifically 12
authorized by law for that purpose: 13
ARTICLE VII 14
FINANCE AND TAXATION 15
SECTION 4. Taxation; assessments. —By general law 16
regulations shall be prescribed which shall secure a just 17
valuation of all property for ad valorem taxation, provided: 18
(a) Agricultural land, land producing high water recharge 19
to Florida's aquifers, or land used exclusively for 20
noncommercial recreational purposes may be classified by genera l 21
law and assessed solely on the basis of character or use. 22
(b) As provided by general law and subject to conditions, 23
limitations, and reasonable definitions specified therein, land 24
used for conservation purposes shall be classified by general 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
law and assessed solely on the basis of character or use. 26
(c) Pursuant to general law tangible personal property 27
held for sale as stock in trade and livestock may be valued for 28
taxation at a specified percentage of its value, may be 29
classified for tax purposes, or may be exempted from taxation. 30
(d) All persons entitled to a homestead exemption under 31
Section 6 of this Article shall have their homestead assessed at 32
just value as of January 1 of the year following the effective 33
date of this amendment. This assessmen t shall change only as 34
provided in this subsection. 35
(1) Assessments subject to this subsection shall only 36
increase as provided in paragraph (5) be changed annually on 37
January 1st of each year; but those changes in assessments shall 38
not exceed the lower o f the following: 39
a. Three percent (3%) of the assessment for the prior 40
year. 41
b. The percent change in the Consumer Price Index for all 42
urban consumers, U.S. City Average, all items 1967=100, or 43
successor reports for the preceding calendar year as initi ally 44
reported by the United States Department of Labor, Bureau of 45
Labor Statistics. 46
(2) No assessment shall exceed just value. 47
(3) After any change of ownership, as provided by general 48
law, homestead property shall be assessed at the most recent 49
purchase price, or, in the case of new construction, the cost 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
construction just value as of January 1 of the following year , 51
unless the provisions of paragraph (8) apply . Thereafter, the 52
homestead shall be assessed as provided in this su bsection. 53
(4) New homestead property shall be assessed at the most 54
recent purchase price, or, in the case of new construction, the 55
cost of construction just value as of January 1st of the year 56
following the establishment of the homestead , unless the 57
provisions of paragraph (8) apply . That assessment shall only 58
change as provided in this subsection. 59
(5) Changes, additions, reductions, or improvements to 60
homestead property shall be assessed as provided for by general 61
law; provided, however, after the adju stment for any change, 62
addition, reduction, or improvement, the property shall be 63
assessed as provided in this subsection. 64
(6) In the event of a termination of homestead status, the 65
property shall be assessed as provided by general law. 66
(7) The provisions of this amendment are severable. If any 67
of the provisions of this amendment shall be held 68
unconstitutional by any court of competent jurisdiction, the 69
decision of such court shall not affect or impair any remaining 70
provisions of this amendment. 71
(8)a. A person who establishes a new homestead as of 72
January 1 and who has received a homestead exemption pursuant to 73
Section 6 of this Article as of January 1 of any of the three 74
years immediately preceding the establishment of the new 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 is entitled to have the new homestead assessed at less 76
than just value. The assessed value of the newly established 77
homestead shall be determined as follows: 78
1. If the just value of the new homestead is greater than 79
or equal to the just value of the prior homestead as of January 80
1 of the year in which the prior homestead was abandoned, the 81
assessed value of the new homestead shall be the just value of 82
the new homestead minus an amount equal to the lesser of 83
$500,000 or the difference between the just value and the 84
assessed value of the prior homestead as of January 1 of the 85
year in which the prior homestead was abandoned. Thereafter, the 86
homestead shall be assessed as provided in this subsection. 87
2. If the just value of the new homestead is less than the 88
just value of the prior homestead as of January 1 of the year in 89
which the prior homestead was abandoned, the assessed value of 90
the new homestead shall be equal to the just value of the new 91
homestead divided by the just value of the prior homestead and 92
multiplied by the assessed value of the prior homestead. 93
However, if the difference between the just value of the new 94
homestead and the assessed value of the new homestead calculated 95
pursuant to this sub -subparagraph is greater than $500,000, the 96
assessed value of the new homestead shall be increased so that 97
the difference between the just value and the assessed value 98
equals $500,000. Thereafter, the homestead shall be assessed as 99
provided in this subsection. 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
b. By general law and subject to conditions specified 101
therein, the legislature shall provide for application of this 102
paragraph to property owned by more than one person. 103
(e) The legislature may, by general law, for assessment 104
purposes and subject to the provisions of this subsection, allow 105
counties and municipaliti es to authorize by ordinance that 106
historic property may be assessed solely on the basis of 107
character or use. Such character or use assessment shall apply 108
only to the jurisdiction adopting the ordinance. The 109
requirements for eligible properties must be spec ified by 110
general law. 111
(f) A county may, in the manner prescribed by general law, 112
provide for a reduction in the assessed value of homestead 113
property to the extent of any increase in the assessed value of 114
that property which results from the construction or 115
reconstruction of the property for the purpose of providing 116
living quarters for one or more natural or adoptive grandparents 117
or parents of the owner of the property or of the owner's spouse 118
if at least one of the grandparents or parents for whom the 119
living quarters are provided is 62 years of age or older. Such a 120
reduction may not exceed the lesser of the following: 121
(1) The increase in assessed value resulting from 122
construction or reconstruction of the property. 123
(2) Twenty percent of the total assess ed value of the 124
property as improved. 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
(g) For all levies other than school district levies, 126
assessments of residential real property, as defined by general 127
law, which contains nine units or fewer and which is not subject 128
to the assessment limitations set forth in subsections (a) 129
through (d) shall change only as provided in this subsection. 130
(1) Assessments subject to this subsection shall be 131
changed annually on the date of assessment provided by law; but 132
those changes in assessments shall not exceed ten percent (10%) 133
of the assessment for the prior year. 134
(2) No assessment shall exceed just value. 135
(3) After a change of ownership or control, as defined by 136
general law, including any change of ownership of a legal entity 137
that owns the property, such prope rty shall be assessed at just 138
value as of the next assessment date. Thereafter, such property 139
shall be assessed as provided in this subsection. 140
(4) Changes, additions, reductions, or improvements to 141
such property shall be assessed as provided for by gene ral law; 142
however, after the adjustment for any change, addition, 143
reduction, or improvement, the property shall be assessed as 144
provided in this subsection. 145
(h) For all levies other than school district levies, 146
assessments of real property that is not subj ect to the 147
assessment limitations set forth in subsections (a) through (d) 148
and (g) shall change only as provided in this subsection. 149
(1) Assessments subject to this subsection shall be 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
changed annually on the date of assessment provided by law; but 151
those changes in assessments shall not exceed ten percent (10%) 152
of the assessment for the prior year. 153
(2) No assessment shall exceed just value. 154
(3) The legislature must provide that such property shall 155
be assessed at just value as of the next assessment da te after a 156
qualifying improvement, as defined by general law, is made to 157
such property. Thereafter, such property shall be assessed as 158
provided in this subsection. 159
(4) The legislature may provide that such property shall 160
be assessed at just value as of t he next assessment date after a 161
change of ownership or control, as defined by general law, 162
including any change of ownership of the legal entity that owns 163
the property. Thereafter, such property shall be assessed as 164
provided in this subsection. 165
(5) Changes, additions, reductions, or improvements to 166
such property shall be assessed as provided for by general law; 167
however, after the adjustment for any change, addition, 168
reduction, or improvement, the property shall be assessed as 169
provided in this subsection. 170
(i) The legislature, by general law and subject to 171
conditions specified therein, may prohibit the consideration of 172
the following in the determination of the assessed value of real 173
property: 174
(1) Any change or improvement to real property used for 175
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residential purposes made to improve the property's resistance 176
to wind damage. 177
(2) The installation of a solar or renewable energy source 178
device. 179
(j)(1) The assessment of the following working waterfront 180
properties shall be based upon the current use of the property: 181
a. Land used predominantly for commercial fishing 182
purposes. 183
b. Land that is accessible to the public and used for 184
vessel launches into waters that are navigable. 185
c. Marinas and drystacks that are open to the public. 186
d. Water-dependent marine manufacturing facilities, 187
commercial fishing facilities, and marine vessel construction 188
and repair facilities and their support activities. 189
(2) The assessment benefit provided by this subsection is 190
subject to conditions and limitations and reasonable definitions 191
as specified by the legislature by general law. 192
ARTICLE XII 193
SCHEDULE 194
Revising assessments on homestead property. —This section 195
and the amendment to Section 4 of Article VII, revising the 196
procedure for assessing homestead property shall take effect 197
January 1, 2027. 198
BE IT FURTHER RESOLVED that the following statement be 199
placed on the ballot: 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
CONSTITUTIONAL AMEND MENT 201
ARTICLE VII, SECTION 4 202
REVISING HOW HOMESTE AD PROPERTY IS ASSES SED.—Proposing an 203
amendment to the State Constitution to assess h omestead property 204
at the more recent purchase price or, for new construction, the 205
construction price. This amendment replaces the 3 percent annual 206
assessment increase limitation and eliminates the associated 207
portability transfer. Improvements and changes t o homestead 208
property remain subject to general law. The amendment takes 209
effect January 1, 2027. 210