Bill > H0795

This bill modifies Florida's homestead property assessment laws by adding a new provision that prevents a change in property ownership assessment when a homestead property is inherited. Specifically, the bill adds a sixth exception to what constitutes a "change of ownership" for property tax assessment purposes, stating that when a property owner dies, the transfer of the property to another person who makes the property their homestead within one year will not trigger a reassessment of the property's value. This means that inherited homestead properties can be transferred to a new owner without causing an immediate increase in property taxes, which would typically occur when a property changes ownership. The bill is contingent on the passage of a related constitutional amendment, and it will only take effect if that amendment is approved at an upcoming general election or a specially authorized election. The modification aims to provide more flexibility and potential tax protection for property inheritors, ensuring that they can maintain the homestead property's existing tax assessment under certain circumstances.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2026/795