Bill > S1376

This bill amends Florida statutes to require that homestead property be assessed below just value in certain circumstances. Specifically, it allows properties that were previously assessed under different assessment methods to be assessed at less than just value when the owner establishes a new homestead, with the increase in assessed value limited to 10 percent of the previous year's assessment. The bill also provides a contingent effective date that is tied to the approval of a related constitutional amendment.

https://www.flsenate.gov/Session/Bill/2024/1376