Florida H0069 amends homestead property assessment to limit annual increases to 3%.

Florida H0069 modifies the assessment of homestead property by reducing the maximum annual increase to 3%. This change applies to property receiving the homestead exemption after January 1, 1994, and is reassessed annually starting in 1995 or the year following the property's exemption, whichever is later. The bill aligns with the amendment to the State Constitution proposed by HJR 67 or a similar resolution.

Florida H0069 amends homestead property assessment to limit annual increases to 3%.

Florida H0069 modifies the assessment of homestead property by reducing the maximum annual increase to 3%. This change applies to property receiving the homestead exemption after January 1, 1994, and is reassessed annually starting in 1995 or the year following the property's exemption, whichever is later. The bill aligns with the amendment to the State Constitution proposed by HJR 67 or a similar resolution.