Florida H0001 proposes constitutional amendments to limit property tax assessments, increase homestead exemptions, and create a trust fund for local.

Florida H0001 proposes amendments to the state constitution to limit annual property tax assessment increases, increase homestead exemptions, and create a trust fund for local services. The bill aims to cap annual assessment increases at 3% or the Consumer Price Index, whichever is lower. It increases the homestead exemption to $250,000 and phases out the exemption for new residents over five years. The bill also establishes a trust fund to provide grants to local governments for core services like education, law enforcement, and infrastructure.

Florida H0001 proposes constitutional amendments to limit property tax assessments, increase homestead exemptions, and create a trust fund for local.

Florida H0001 proposes amendments to the state constitution to limit annual property tax assessment increases, increase homestead exemptions, and create a trust fund for local services. The bill aims to cap annual assessment increases at 3% or the Consumer Price Index, whichever is lower. It increases the homestead exemption to $250,000 and phases out the exemption for new residents over five years. The bill also establishes a trust fund to provide grants to local governments for core services like education, law enforcement, and infrastructure.