Florida Senate - 2025 SJR 1190 By Senator Ingoglia 11-01042B-25 20251190__ Page 1 of 8 CODING: Words stricken are deletions; words underlined are additions. Senate Joint Resolution 1 A joint resolution proposing an amendment to

Section 4 2 of

Article VII and the creation of a new

section in 3

Article XII of the State Constitution to authorize the 4 Legislature, by general law, to prohibit the 5 consideration of any change or improvement made to 6 homestead property to mitigate flood damage in 7 determining the assessed value of such property for ad 8 valorem taxation purposes, to limit the transfer of 9 such value to new homestead property, and to provide 10 an effective date. 11 12 Be It Resolved by the Legislature of the State of Florida: 13 14 That the following amendment to

Section 4 of

Article VII 15 and the creation of a new

section of

Article XII of the State 16 Constitution are agreed to and shall be submitted to the 17 electors of this state for approval or rejection at the next 18 general election or at an earlier special election specifically 19 authorized by law for that purpose: 20

ARTICLE VII 21 FINANCE AND TAXATION 22

SECTION 4. Taxation; assessments.—By general law 23 regulations shall be prescribed which shall secure a just 24 valuation of all property for ad valorem taxation, provided: 25 (

a) Agricultural land, land producing high water recharge 26 to Florida’s aquifers, or land used exclusively for 27 noncommercial recreational purposes may be classified by general 28 law and assessed solely on the basis of character or use. 29

Florida Senate - 2025 SJR 1190 11-01042B-25 20251190__ Page 2 of 8 CODING: Words stricken are deletions; words underlined are additions. (

b) As provided by general law and subject to conditions, 30 limitations, and reasonable

definitions specified therein, land 31 used for conservation purposes shall be classified by general 32 law and assessed solely on the basis of character or use. 33 (

c) Pursuant to general law tangible personal property held 34 for sale as stock in trade and livestock may be valued for 35 taxation at a specified percentage of its value, may be 36 classified for tax purposes, or may be exempted from taxation. 37 (

d) All persons entitled to a homestead exemption under 38

Section 6 of this

Article shall have their homestead assessed at 39 just value as of January 1 of the year following the effective 40 date of this amendment. This assessment shall change only as 41 provided in this subsection. 42

(1) Assessments subject to this subsection shall be changed 43 annually on January 1st of each year; but those changes in 44 assessments shall not exceed the lower of the following: 45 a. Three percent (3%) of the assessment for the prior year. 46 b. The percent change in the Consumer Price Index for all 47 urban consumers, U.S. City Average, all items 1967=100, or 48 successor reports for the preceding calendar year as initially 49 reported by the United States Department of Labor, Bureau of 50 Labor Statistics. 51

(2) No assessment shall exceed just value. 52

(3) After any change of ownership, as provided by general 53 law, homestead property shall be assessed at just value as of 54 January 1 of the following year, unless the provisions of 55 paragraph (8) apply. Thereafter, the homestead shall be assessed 56 as provided in this subsection. 57

(4) New homestead property shall be assessed at just value 58

Florida Senate - 2025 SJR 1190 11-01042B-25 20251190__ Page 3 of 8 CODING: Words stricken are deletions; words underlined are additions. as of January 1st of the year following the establishment of the 59 homestead, unless the provisions of paragraph (8) apply. That 60 assessment shall only change as provided in this subsection. 61

(5) Changes, additions, reductions, or improvements to 62 homestead property shall be assessed as provided for by general 63 law; provided, however, after the adjustment for any change, 64 addition, reduction, or improvement, the property shall be 65 assessed as provided in this subsection. 66

(6) In the event of a termination of homestead status, the 67 property shall be assessed as provided by general law. 68

(7) The provisions of this amendment are severable. If any 69 of the provisions of this amendment shall be held 70 unconstitutional by any court of competent jurisdiction, the 71 decision of such court shall not affect or impair any remaining 72 provisions of this amendment. 73 (8)a. A person who establishes a new homestead as of 74 January 1 and who has received a homestead exemption pursuant to 75

Section 6 of this

Article as of January 1 of any of the three 76 years immediately preceding the establishment of the new 77 homestead is entitled to have the new homestead assessed at less 78 than just value. The assessed value of the newly established 79 homestead shall be determined as follows: 80 1.

If the just value of the new homestead is greater than 81 or equal to the just value of the prior homestead as of January 82 1 of the year in which the prior homestead was abandoned, the 83 assessed value of the new homestead shall be the just value of 84 the new homestead minus an amount equal to the lesser of 85 $500,000 or the difference between the just value and the 86 assessed value of the prior homestead as of January 1 of the 87

Florida Senate - 2025 SJR 1190 11-01042B-25 20251190__ Page 4 of 8 CODING: Words stricken are deletions; words underlined are additions. year in which the prior homestead was abandoned. Thereafter, the 88 homestead shall be assessed as provided in this subsection. 89 2.

If the just value of the new homestead is less than the 90 just value of the prior homestead as of January 1 of the year in 91 which the prior homestead was abandoned, the assessed value of 92 the new homestead shall be equal to the just value of the new 93 homestead divided by the just value of the prior homestead and 94 multiplied by the assessed value of the prior homestead. 95 However, if the difference between the just value of the new 96 homestead and the assessed value of the new homestead calculated 97 pursuant to this sub-subparagraph is greater than $500,000, the 98 assessed value of the new homestead shall be increased so that 99 the difference between the just value and the assessed value 100 equals $500,000.

Thereafter, the homestead shall be assessed as 101 provided in this subsection. 102 b. By general law and subject to conditions specified 103 therein, the legislature shall provide for application of this 104 paragraph to property owned by more than one person. 105 c. By general law and subject to conditions specified 106 therein, the legislature may limit the application of this 107 paragraph to an owner of property that has received an 108 assessment limitation pursuant to paragraph (i)(2). 109 (

e) The legislature may, by general law, for assessment 110 purposes and subject to the provisions of this subsection, allow 111 counties and municipalities to authorize by ordinance that 112 historic property may be assessed solely on the basis of 113 character or use. Such character or use assessment shall apply 114 only to the jurisdiction adopting the ordinance. The 115 requirements for eligible properties must be specified by 116

Florida Senate - 2025 SJR 1190 11-01042B-25 20251190__ Page 5 of 8 CODING: Words stricken are deletions; words underlined are additions. general law. 117 (

f) A county may, in the manner prescribed by general law, 118 provide for a reduction in the assessed value of homestead 119 property to the extent of any increase in the assessed value of 120 that property which results from the construction or 121 reconstruction of the property for the purpose of providing 122 living quarters for one or more natural or adoptive grandparents 123 or parents of the owner of the property or of the owner’s spouse 124 if at least one of the grandparents or parents for whom the 125 living quarters are provided is 62 years of age or older. Such a 126 reduction may not exceed the lesser of the following: 127

(1) The increase in assessed value resulting from 128 construction or reconstruction of the property. 129

(2) Twenty percent of the total assessed value of the 130 property as improved. 131 (

g) For all levies other than school district levies, 132 assessments of residential real property, as defined by general 133 law, which contains nine units or fewer and which is not subject 134 to the assessment limitations set forth in subsections (a) 135 through (

d) shall change only as provided in this subsection. 136

(1) Assessments subject to this subsection shall be changed 137 annually on the date of assessment provided by law; but those 138 changes in assessments shall not exceed ten percent (10%) of the 139 assessment for the prior year. 140

(2) No assessment shall exceed just value. 141

(3) After a change of ownership or control, as defined by 142 general law, including any change of ownership of a legal entity 143 that owns the property, such property shall be assessed at just 144 value as of the next assessment date. Thereafter, such property 145

Florida Senate - 2025 SJR 1190 11-01042B-25 20251190__ Page 6 of 8 CODING: Words stricken are deletions; words underlined are additions. shall be assessed as provided in this subsection. 146

(4) Changes, additions, reductions, or improvements to such 147 property shall be assessed as provided for by general law; 148 however, after the adjustment for any change, addition, 149 reduction, or improvement, the property shall be assessed as 150 provided in this subsection. 151 (

h) For all levies other than school district levies, 152 assessments of real property that is not subject to the 153 assessment limitations set forth in subsections (

a) through (d) 154 and (

g) shall change only as provided in this subsection. 155

(1) Assessments subject to this subsection shall be changed 156 annually on the date of assessment provided by law; but those 157 changes in assessments shall not exceed ten percent (10%) of the 158 assessment for the prior year. 159

(2) No assessment shall exceed just value. 160

(3) The legislature must provide that such property shall 161 be assessed at just value as of the next assessment date after a 162 qualifying improvement, as defined by general law, is made to 163 such property. Thereafter, such property shall be assessed as 164 provided in this subsection. 165

(4) The legislature may provide that such property shall be 166 assessed at just value as of the next assessment date after a 167 change of ownership or control, as defined by general law, 168 including any change of ownership of the legal entity that owns 169 the property. Thereafter, such property shall be assessed as 170 provided in this subsection. 171

(5) Changes, additions, reductions, or improvements to such 172 property shall be assessed as provided for by general law; 173 however, after the adjustment for any change, addition, 174

Florida Senate - 2025 SJR 1190 11-01042B-25 20251190__ Page 7 of 8 CODING: Words stricken are deletions; words underlined are additions. reduction, or improvement, the property shall be assessed as 175 provided in this subsection. 176 (

i) The legislature, by general law and subject to 177 conditions specified therein, may prohibit the consideration of 178 the following in the determination of the assessed value of real 179 property: 180

(1) Any change or improvement to real property used for 181 residential purposes made to improve the property’s resistance 182 to wind damage. 183

(2) Any change or improvement made to real property 184 assessed pursuant to subsection (

d) to mitigate the property’s 185 susceptibility to flood damage from natural disasters. The 186 legislature may specify the extent and duration of such 187 prohibition. 188

(3) The installation of a solar or renewable energy source 189 device. 190 (j)

(1) The assessment of the following working waterfront 191 properties shall be based upon the current use of the property: 192 a. Land used predominantly for commercial fishing purposes. 193 b. Land that is accessible to the public and used for 194 vessel launches into waters that are navigable. 195 c. Marinas and drystacks that are open to the public. 196 d. Water-dependent marine manufacturing facilities, 197 commercial fishing facilities, and marine vessel construction 198 and repair facilities and their support activities. 199

(2) The assessment benefit provided by this subsection is 200 subject to conditions and limitations and reasonable

definitions 201 as specified by the legislature by general law. 202

ARTICLE XII 203

Florida Senate - 2025 SJR 1190 11-01042B-25 20251190__ Page 8 of 8 CODING: Words stricken are deletions; words underlined are additions.

SCHEDULE 204 Limitation on the assessment of homestead property.—This 205

section and the amendment to

Section 4 of

Article VII, 206 authorizing the legislature to prohibit the consideration of any 207 change or improvement made to homestead property to mitigate 208 potential flood damage from natural disasters in the 209 determination of the property’s assessed value for ad valorem 210 taxation purposes and to limit the transfer of such value to new 211 homestead property, shall take effect January 1, 2027. 212 BE IT FURTHER RESOLVED that the following statement be 213 placed on the ballot: 214 CONSTITUTIONAL AMENDMENT 215

ARTICLE VII,

SECTION 4 216

ARTICLE XII 217 LIMITATION ON THE ASSESSMENT OF HOMESTEAD PROPERTY.—218 Proposing an amendment to limit property tax collection on 219 homestead property. Proposing an amendment to authorize the 220 Legislature, by general law, to prohibit the consideration of 221 any change or improvement made to homestead property to mitigate 222 potential flood damage from natural disasters in the 223 determination of the property’s assessed value for ad valorem 224 taxation purposes and to limit the transfer of such value to new 225 homestead property. This amendment takes effect January 1, 2027. 226