Florida Senate - 2006                      COMMITTEE AMENDMENT
    Bill No. SJR 1692
                        Barcode 654516
                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Community Affairs (Clary) recommended the
12  following amendment:
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14         Senate Amendment (with title amendment) 
15         Delete everything after the resolving clause
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17  and insert:  
18         That the following amendment to Section 4 of Article
19  VII of the State Constitution is agreed to and shall be
20  submitted to the electors of this state for approval or
21  rejection at the next general election or at an earlier
22  special election specifically authorized by law for that
23  purpose:
24                           ARTICLE VII
25                       FINANCE AND TAXATION
26         SECTION 4.  Taxation; assessments.--By general law
27  regulations shall be prescribed which shall secure a just
28  valuation of all property for ad valorem taxation, provided:
29         (a)  Agricultural land, land producing high water
30  recharge to Florida's aquifers, or land used exclusively for
31  noncommercial recreational purposes may be classified by
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    2:35 PM   03/17/06                             s1692c-ca04-s01

Florida Senate - 2006 COMMITTEE AMENDMENT Bill No. SJR 1692 Barcode 654516 1 general law and assessed solely on the basis of character or 2 use. 3 (b) Pursuant to general law tangible personal property 4 held for sale as stock in trade and livestock may be valued 5 for taxation at a specified percentage of its value, may be 6 classified for tax purposes, or may be exempted from taxation. 7 (c) All persons entitled to a homestead exemption 8 under Section 6 of this Article shall have their homestead 9 assessed at just value as of January 1 of the year following 10 the effective date of this amendment. This assessment shall 11 change only as provided herein. 12 (1) Assessments subject to this provision shall be 13 changed annually on January 1st of each year; but those 14 changes in assessments shall not exceed the lower of the 15 following: 16 a. Three percent (3%) of the assessment for the prior 17 year. 18 b. The percent change in the Consumer Price Index for 19 all urban consumers, U.S. City Average, all items 1967=100, or 20 successor reports for the preceding calendar year as initially 21 reported by the United States Department of Labor, Bureau of 22 Labor Statistics. 23 (2) No assessment shall exceed just value. 24 (3) After any change of ownership, as provided by 25 general law, homestead property shall be assessed at just 26 value as of January 1 of the following year. Thereafter, the 27 homestead shall be assessed as provided herein. 28 (4) New homestead property shall be assessed at just 29 value as of January 1st of the year following the 30 establishment of the homestead. That assessment shall only 31 change as provided herein. 2 2:35 PM 03/17/06 s1692c-ca04-s01
Florida Senate - 2006 COMMITTEE AMENDMENT Bill No. SJR 1692 Barcode 654516 1 (5) Changes, additions, reductions, or improvements to 2 homestead property shall be assessed as provided for by 3 general law; provided, however, after the adjustment for any 4 change, addition, reduction, or improvement, the property 5 shall be assessed as provided herein. 6 (6) In the event of a termination of homestead status, 7 the property shall be assessed as provided by general law. 8 (7) The provisions of this amendment are severable. If 9 any of the provisions of this amendment shall be held 10 unconstitutional by any court of competent jurisdiction, the 11 decision of such court shall not affect or impair any 12 remaining provisions of this amendment. 13 (d) The legislature may, by general law, for 14 assessment purposes and subject to the provisions of this 15 subsection, allow counties and municipalities to authorize by 16 ordinance that historic property may be assessed solely on the 17 basis of character or use. Such character or use assessment 18 shall apply only to the jurisdiction adopting the ordinance. 19 The requirements for eligible properties must be specified by 20 general law. 21 (e) A county may, in the manner prescribed by general 22 law, provide for a reduction in the assessed value of 23 homestead property to the extent of any increase in the 24 assessed value of that property which results from the 25 construction or reconstruction of the property for the purpose 26 of providing living quarters for one or more natural or 27 adoptive grandparents or parents of the owner of the property 28 or of the owner's spouse if at least one of the grandparents 29 or parents for whom the living quarters are provided is 62 30 years of age or older. Such a reduction may not exceed the 31 lesser of the following: 3 2:35 PM 03/17/06 s1692c-ca04-s01
Florida Senate - 2006 COMMITTEE AMENDMENT Bill No. SJR 1692 Barcode 654516 1 (1) The increase in assessed value resulting from 2 construction or reconstruction of the property. 3 (2) Twenty percent of the total assessed value of the 4 property as improved. 5 (f) A county, by ordinance, may, in the manner 6 prescribed by general law, prohibit an increase in the 7 assessed value of homestead property located in that county 8 which is owned by any person who has attained age 62 and whose 9 household income, as defined by general law, does not exceed 10 twenty-five thousand dollars per year, as adjusted for 11 inflation in accordance with general law. 12 BE IT FURTHER RESOLVED that the following statement be 13 placed on the ballot: 14 CONSTITUTIONAL AMENDMENT 15 ARTICLE VII, SECTION 4 16 PROHIBITING HOMESTEAD PROPERTY ASSESSED VALUE INCREASES 17 FOR SENIOR CITIZENS.--Proposing an amendment to the State 18 Constitution to provide that a county, by ordinance, may, in 19 the manner provided by general law, prohibit an increase in 20 the assessed value of homestead property located in that 21 county which is owned by a person who has attained age 62 and 22 whose household income, as defined by general law, does not 23 exceed $25,000 per year, as adjusted for inflation in 24 accordance with general law. 25 26 27 ================ T I T L E A M E N D M E N T =============== 28 And the title is amended as follows: 29 Delete everything before the resolving clause 30 31 and insert: 4 2:35 PM 03/17/06 s1692c-ca04-s01
Florida Senate - 2006 COMMITTEE AMENDMENT Bill No. SJR 1692 Barcode 654516 1 Senate Joint Resolution 2 A joint resolution proposing an amendment to 3 Section 4 of Article VII of the State 4 Constitution to authorize legislation that 5 would permit counties to enact ordinances which 6 prohibit an increase in the assessed value of 7 homestead property owned by certain persons who 8 are 62 years of age or older. 9 10 WHEREAS, William "Bill" Markham served as the Broward 11 County Property Appraiser from his election in 1968 until his 12 death in office in 2004, and 13 WHEREAS, Dr. Olga Maria Garcia Martinez, cofounder of 14 community action agency and "viejos utiles," worked tirelessly 15 to assist the elderly community until her death in 1973, NOW 16 THEREFORE, 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 5 2:35 PM 03/17/06 s1692c-ca04-s01