Bill > H0069

This bill modifies Florida's homestead property assessment rules by reducing the maximum annual increase in assessed value from 3% to 1.5%. Currently, homestead properties are assessed annually on January 1st, with value increases limited to either a specified percentage of the prior year's assessed value or the change in the Consumer Price Index (CPI), whichever is lower. The bill specifically changes the percentage cap from 3% to 1.5%, which would provide greater protection for homeowners against rapid property tax increases. The bill's implementation is contingent upon the approval of a related constitutional amendment (referenced as HJR 67) at the next general election or a specially authorized election. This change aims to provide more stability in property tax assessments for homeowners by constraining the rate at which property values can be increased for tax purposes, potentially offering financial relief to homestead property owners.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2026/69