Bill > S1610

This joint resolution proposes an amendment to the Florida State Constitution that would prevent the assessed value of certain properties from increasing if their actual market value, known as "just valuation," has decreased since the last assessment. Specifically, it would apply to homestead property (a primary residence) currently subject to a 3% annual assessment cap and other residential properties with nine units or fewer subject to a 10% annual assessment cap. The amendment clarifies that this protection against increased assessments does not apply to increases resulting from changes, additions, or improvements made to the property. This change is intended to take effect on January 1, 2027, and will be voted on by the public.

https://www.flsenate.gov/Session/Bill/2026/1610