summary
Introduced
12/17/2025
12/17/2025
In Committee
01/05/2026
01/05/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
A joint resolution proposing an amendment to Section 4 of Article VII and the creation of a new section in Article XII of the State Constitution to authorize the Legislature to provide, by general law, that the transfer of homestead property by inheritance is not considered to be a change in ownership for purposes of homestead property assessment and provide an effective date.
AI Summary
This joint resolution proposes a constitutional amendment to modify how homestead property is assessed when transferred through inheritance. Specifically, the amendment would authorize the Florida Legislature to create a law that prevents the inheritance of a homestead property from being considered a "change of ownership" for property tax assessment purposes. Under current law, a change of ownership typically triggers a reassessment of the property's value to its current market value, which can result in a significant property tax increase. By allowing inherited homestead properties to maintain their existing assessment value, the resolution aims to help families preserve the property tax benefits when a homestead is passed down to heirs. The proposed amendment would take effect on January 1, 2027, and would require approval by Florida voters in a future election. The key goal is to provide potential tax relief for families inheriting a homestead property by preventing automatic reassessments that could make the property less affordable for heirs.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
1st Reading (Original Filed Version) (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2026/793 |
| BillText | https://www.flsenate.gov/Session/Bill/2026/793/BillText/Filed/PDF |
Loading...