Bill > S1190

This joint resolution proposes a constitutional amendment that would allow the Florida Legislature to create a law preventing flood mitigation improvements from increasing the assessed value of homestead property for tax purposes. Specifically, the amendment would authorize the legislature to prohibit considering any changes or improvements made to a homestead property that are designed to reduce flood damage when calculating the property's taxable value. This means homeowners could make flood-resistant upgrades to their homes without facing a potential property tax increase. The resolution also allows for limiting how such value protection might transfer to a new homestead property. The amendment is set to take effect on January 1, 2027, and would require voter approval through a ballot measure. The goal appears to be encouraging homeowners to invest in flood protection measures without fear of financial penalty through increased property taxes, which could be particularly beneficial in flood-prone areas of Florida. The proposed change would be added to Article VII (Finance and Taxation) and Article XII (Schedule) of the state constitution.

https://www.flsenate.gov/Session/Bill/2025/1190