Limits the assessed value of commercial property owned by small businesses in Florida.
The bill proposes an amendment to the Florida State Constitution to limit the assessed value of real property owned and used for commercial purposes by small businesses. The assessed value may not exceed 3 percent or the percentage change in the Consumer Price Index, whichever is lower. The amendment takes effect January 1, 2027. The bill also includes provisions for homestead property assessments and other property types.
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