Senate Bill sb1352
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Florida Senate - 2003 SJR 1352
By the Committee on Comprehensive Planning
316-1134-03
1 Senate Joint Resolution No. ____
2 A joint resolution proposing an amendment to
3 Section 6 of Article VII of the State
4 Constitution to revise the exemption of
5 homestead property from taxation.
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7 Be It Resolved by the Legislature of the State of Florida:
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9 That the following amendment to Section 6 of Article
10 VII of the State Constitution is agreed to and shall be
11 submitted to the electors of this state for approval or
12 rejection at the next general election and, if approved, shall
13 take effect January 1, 2005:
14 ARTICLE VII
15 FINANCE AND TAXATION
16 SECTION 6. Homestead exemptions.--
17 (a) Every person who has the legal or equitable title
18 to real estate and maintains thereon the permanent residence
19 of the owner, or another legally or naturally dependent upon
20 the owner, shall be exempt from taxation thereon, except
21 assessments for special benefits, up to an amount equal to
22 one-half of the assessed valuation of the real estate or
23 twenty-five thousand dollars, whichever is less five thousand
24 dollars, upon establishment of right thereto in the manner
25 prescribed by law. The real estate may be held by legal or
26 equitable title, by the entireties, jointly, in common, as a
27 condominium, or indirectly by stock ownership or membership
28 representing the owner's or member's proprietary interest in a
29 corporation owning a fee or a leasehold initially in excess of
30 ninety-eight years.
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Florida Senate - 2003 SJR 1352
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1 (b) Not more than one exemption shall be allowed any
2 individual or family unit or with respect to any residential
3 unit. No exemption shall exceed the value of the real estate
4 assessable to the owner or, in case of ownership through stock
5 or membership in a corporation, the value of the proportion
6 which the interest in the corporation bears to the assessed
7 value of the property. The exemption does not apply with
8 respect to any assessment roll until that roll is first
9 determined to be in compliance with section 4 by a state
10 agency designated by general law.
11 (c) By general law and subject to conditions specified
12 therein, the exemption shall be increased to a total of
13 twenty-five thousand dollars of the assessed value of the real
14 estate for each school district levy. By general law and
15 subject to conditions specified therein, the exemption for all
16 other levies may be increased up to an amount not exceeding
17 ten thousand dollars of the assessed value of the real estate
18 if the owner has attained age sixty-five or is totally and
19 permanently disabled and if the owner is not entitled to the
20 exemption provided in subsection (d).
21 (d) By general law and subject to conditions specified
22 therein, the exemption shall be increased to a total of the
23 following amounts of assessed value of real estate for each
24 levy other than those of school districts: fifteen thousand
25 dollars with respect to 1980 assessments; twenty thousand
26 dollars with respect to 1981 assessments; twenty-five thousand
27 dollars with respect to assessments for 1982 and each year
28 thereafter. However, such increase shall not apply with
29 respect to any assessment roll until such roll is first
30 determined to be in compliance with the provisions of section
31 4 by a state agency designated by general law. This
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Florida Senate - 2003 SJR 1352
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1 subsection shall stand repealed on the effective date of any
2 amendment to section 4 which provides for the assessment of
3 homestead property at a specified percentage of its just
4 value.
5 (c)(e) By general law and subject to conditions
6 specified therein, the Legislature may provide to renters, who
7 are permanent residents, ad valorem tax relief on all ad
8 valorem tax levies. Such ad valorem tax relief shall be in the
9 form and amount established by general law.
10 (d)(f) The legislature may, by general law, allow
11 counties or municipalities, for the purpose of their
12 respective tax levies and subject to the provisions of general
13 law, to grant an additional homestead tax exemption not
14 exceeding twenty-five thousand dollars to any person who has
15 the legal or equitable title to real estate and maintains
16 thereon the permanent residence of the owner and who has
17 attained age sixty-five and whose household income, as defined
18 by general law, does not exceed twenty thousand dollars. The
19 general law must allow counties and municipalities to grant
20 this additional exemption, within the limits prescribed in
21 this subsection, by ordinance adopted in the manner prescribed
22 by general law, and must provide for the periodic adjustment
23 of the income limitation prescribed in this subsection for
24 changes in the cost of living.
25 BE IT FURTHER RESOLVED that the following statement be
26 placed on the ballot:
27 CONSTITUTIONAL AMENDMENT
28 ARTICLE VII, SECTION 6
29 HOMESTEAD TAX EXEMPTION.--Proposing an amendment to the
30 State Constitution, effective January 1, 2005, to limit the
31 homestead tax exemption to $25,000 or an amount equal to
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Florida Senate - 2003 SJR 1352
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1 one-half of the assessed valuation of the property, whichever
2 is less.
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