TALLAHASSEE, Fla. — A joint decision filed within the Florida Home of Representatives seeks to halve the cap on annual property tax evaluation will increase for homesteaded properties, offering potential long-term reduction to householders.
What it does: The linked measure, HB 69 and HJR 67, would amend the state structure and statutes to completely cut back the utmost annual improve in a homestead property’s assessed worth.
- The core proposal is to cut back the Save Our Properties cap from the present 3% to 1.5%, or the proportion change within the Client Worth Index, whichever is decrease.
- HJR 67 proposes an modification to the State Structure to implement the discount. As a result of this can be a joint decision, the proposal should be authorized by state voters on the subsequent normal election to take impact.
- HB 69 particularly amends Florida statutes to replicate the brand new 1.5% most improve, however its efficient date is contingent upon voter approval of the constitutional modification proposed by HJR 67.
The sponsor: The measure was filed by Republican Rep. Jeff Holcomb. A companion measure has not but been filed within the Florida Senate.
If the constitutional modification is authorized by voters, each the legislative change and the constitutional cap discount would take impact on Jan. 1, 2027.
