Bill > H1411

This joint resolution proposes an amendment to the Florida State Constitution that would prevent property tax assessments from increasing if the property's "just valuation" (its fair market value) has decreased since the previous year. This change would apply to certain homestead properties (primary residences) currently subject to a 3% annual assessment cap and other residential properties with nine units or fewer currently subject to a 10% annual assessment cap, but it would not apply to assessments that result from changes, additions, reductions, or improvements made to the property. The amendment also includes provisions for new homesteads and clarifies how changes in ownership or improvements affect assessments, with the goal of providing tax relief when property values decline.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2026/1411