Florida H0793 proposes a constitutional amendment to allow the legislature to set rules for assessing inherited homestead property.

Florida H0793 proposes an amendment to the State Constitution, effective January 1, 2027, authorizing the Legislature to provide that the transfer of homestead property by inheritance is not considered a change of ownership for purposes of homestead property assessment. The amendment aims to ensure that inherited homestead property is assessed based on its value at the time of inheritance rather than re-assessed at a higher value. This change is intended to provide stability and predictability in property assessments for homeowners who inherit property.

Florida H0793 proposes a constitutional amendment to allow the legislature to set rules for assessing inherited homestead property.

Florida H0793 proposes an amendment to the State Constitution, effective January 1, 2027, authorizing the Legislature to provide that the transfer of homestead property by inheritance is not considered a change of ownership for purposes of homestead property assessment. The amendment aims to ensure that inherited homestead property is assessed based on its value at the time of inheritance rather than re-assessed at a higher value. This change is intended to provide stability and predictability in property assessments for homeowners who inherit property.