summary
Introduced
01/09/2026
01/09/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An act relating to assessment of property with decreasing just valuation; amending ss. 193.155, 193.1554, and 193.1555, F.S.; prohibiting increases in certain assessed valuations if the just value of the property has decreased since the previous assessment; providing a contingent effective date.
AI Summary
This bill, concerning property tax assessments, aims to prevent property tax increases when the actual market value of a property, known as its "just value," has decreased since the previous year. Specifically, it amends existing Florida Statutes to stipulate that for homestead properties (primary residences), nonhomestead residential properties, and certain nonresidential real properties, the assessed value cannot go up if the property's just value has fallen. This change is intended to provide relief to property owners experiencing a decline in their property's market worth, ensuring their taxes don't rise against this trend. The bill's effective date is contingent upon the approval of a related constitutional amendment.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Now in Ways & Means Committee (on 01/15/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2026/1413 |
| BillText | https://www.flsenate.gov/Session/Bill/2026/1413/BillText/Filed/PDF |
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