Florida H0067 proposes a constitutional amendment to limit annual increases in the assessed value of homestead properties.

Florida H0067 proposes a constitutional amendment to reduce the maximum annual increase in the assessed value of homestead properties. The amendment would limit the annual increase to 1.5 percent of the previous assessed value, down from the current 3 percent. This change would apply to all homestead properties, including those with a just value greater than $500,000. The amendment also includes provisions for assessing new homesteads and properties with changes in ownership or control. The proposed amendment would take effect on January 1, 2027, pending approval by the state's electors.

Florida H0067 proposes a constitutional amendment to limit annual increases in the assessed value of homestead properties.

Florida H0067 proposes a constitutional amendment to reduce the maximum annual increase in the assessed value of homestead properties. The amendment would limit the annual increase to 1.5 percent of the previous assessed value, down from the current 3 percent. This change would apply to all homestead properties, including those with a just value greater than $500,000. The amendment also includes provisions for assessing new homesteads and properties with changes in ownership or control. The proposed amendment would take effect on January 1, 2027, pending approval by the state's electors.