Bill > S1212

This bill amends Florida Statute 193.155, which deals with homestead property assessments, to clarify that certain transfers of homestead property upon the owner's death are not considered a "change of ownership" for property tax purposes. Currently, a change of ownership typically triggers a reassessment of the property to its just value. This bill adds a provision stating that if, upon the death of the owner, the property is transferred to another individual who makes it their homestead within one year, this transfer will not be treated as a change of ownership. This is significant because it means the property's assessed value, which is often lower than its market value due to homestead exemptions and assessment limitations, will not be reset to its full market value. The bill also includes a contingent effective date, meaning it will only become law if a related amendment to the Florida Constitution is approved by voters.

https://www.flsenate.gov/Session/Bill/2026/1212