HJR 1463

House Joint Resolution
2A joint resolution proposing an amendment to Section 4 of
3Article VII of the State Constitution, relating to the
4valuation of property for ad valorem taxation, to prohibit
5increasing the assessed value of homestead property for an
6owner who has legally claimed homestead status on that
7property for 10 consecutive years.
9Be It Resolved by the Legislature of the State of Florida:
11     That the following amendment to Section 4 of Article VII of
12the State Constitution is agreed to and shall be submitted to
13the electors of this state for approval or rejection at the next
14general election or at an earlier special election specifically
15authorized by law for that purpose:
18     SECTION 4.  Taxation; assessments.--By general law
19regulations shall be prescribed which shall secure a just
20valuation of all property for ad valorem taxation, provided:
21     (a)  Agricultural land, land producing high water recharge
22to Florida's aquifers, or land used exclusively for
23noncommercial recreational purposes may be classified by general
24law and assessed solely on the basis of character or use.
25     (b)  Pursuant to general law tangible personal property
26held for sale as stock in trade and livestock may be valued for
27taxation at a specified percentage of its value, may be
28classified for tax purposes, or may be exempted from taxation.
29     (c)  All persons entitled to a homestead exemption under
30Section 6 of this Article shall have their homestead assessed at
31just value as of January 1 of the year following the effective
32date of this amendment.  This assessment shall change only as
33provided herein.
34     (1)  Assessments subject to this provision shall be changed
35annually on January 1st of each year; but those changes in
36assessments shall not exceed the lower of the following:
37     a.  Three percent (3%) of the assessment for the prior
39     b.  The percent change in the Consumer Price Index for all
40urban consumers, U.S. City Average, all items 1967=100, or
41successor reports for the preceding calendar year as initially
42reported by the United States Department of Labor, Bureau of
43Labor Statistics.
44     (2)  No assessment shall exceed just value.
45     (3)  After any change of ownership, as provided by general
46law, homestead property shall be assessed at just value as of
47January 1 of the following year.  Thereafter, the homestead
48shall be assessed as provided herein.
49     (4)  New homestead property shall be assessed at just value
50as of January 1st of the year following the establishment of the
51homestead. That assessment shall only change as provided herein.
52     (5)  Changes, additions, reductions, or improvements to
53homestead property shall be assessed as provided for by general
54law; provided, however, after the adjustment for any change,
55addition, reduction, or improvement, the property shall be
56assessed as provided herein.
57     (6)  If a person has been entitled to a homestead exemption
58on specified property for ten consecutive years, thereafter, the
59assessed value of that property shall not increase until the
60homestead status of the property terminates.
61     (7)(6)  In the event of a termination of homestead status,
62the property shall be assessed as provided by general law.
63     (8)(7)  The provisions of this subsection amendment are
64severable. If any of the provisions of this subsection amendment
65shall be held unconstitutional by any court of competent
66jurisdiction, the decision of such court shall not affect or
67impair any remaining provisions of this subsection amendment.
68     (d)  The legislature may, by general law, for assessment
69purposes and subject to the provisions of this subsection, allow
70counties and municipalities to authorize by ordinance that
71historic property may be assessed solely on the basis of
72character or use.  Such character or use assessment shall apply
73only to the jurisdiction adopting the ordinance.  The
74requirements for eligible properties must be specified by
75general law.
76     (e)  A county may, in the manner prescribed by general law,
77provide for a reduction in the assessed value of homestead
78property to the extent of any increase in the assessed value of
79that property which results from the construction or
80reconstruction of the property for the purpose of providing
81living quarters for one or more natural or adoptive grandparents
82or parents of the owner of the property or of the owner's spouse
83if at least one of the grandparents or parents for whom the
84living quarters are provided is 62 years of age or older. Such a
85reduction may not exceed the lesser of the following:
86     (1)  The increase in assessed value resulting from
87construction or reconstruction of the property.
88     (2)  Twenty percent of the total assessed value of the
89property as improved.
90     BE IT FURTHER RESOLVED that the following statement be
91placed on the ballot:
95an amendment to the State Constitution to provide that the
96assessed value of property on which the same person has legally
97claimed the homestead exemption for 10 consecutive years shall
98not increase until the homestead status of the property

CODING: Words stricken are deletions; words underlined are additions.