| 1 | Representative(s) Domino offered the following: |
| 2 |
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| 3 | Amendment (with ballot statement and title amendments) |
| 4 | On page 4, line(s) 29 through page 5 line 19, remove all of |
| 5 | said lines and insert: |
| 6 | (3) After any change of ownership, as provided by general |
| 7 | law, homestead property shall be assessed at just value as of |
| 8 | January 1 of the following year, unless the provisions of |
| 9 | paragraph (7) apply. Thereafter, the homestead shall be assessed |
| 10 | as provided herein. |
| 11 | (4) New homestead property shall be assessed at just value |
| 12 | as of January 1st of the year following the establishment of the |
| 13 | homestead. That assessment shall only change as provided herein. |
| 14 | (4)(5) Changes, additions, reductions, or improvements to |
| 15 | homestead property shall be assessed as provided for by general |
| 16 | law; provided, however, after the adjustment for any change, |
| 17 | addition, reduction, or improvement, the property shall be |
| 18 | assessed as provided herein. |
| 19 | (5)(6) In the event of a termination of homestead status, |
| 20 | the property shall be assessed at just value as of January 1 of |
| 21 | the following year as provided by general law. |
| 22 | (6)(7) The provisions of this amendment are severable. If |
| 23 | any of the provisions of this amendment shall be held |
| 24 | unconstitutional by any court of competent jurisdiction, the |
| 25 | decision of such court shall not affect or impair any remaining |
| 26 | provisions of this amendment. |
| 27 | (7) When a person sells his or her homestead property |
| 28 | within this state and within one year purchases another property |
| 29 | and establishes such property as homestead property, the newly |
| 30 | established homestead property shall be initially assessed at |
| 31 | less than just value, as provided by general law. The difference |
| 32 | between the new homestead property's just value and its assessed |
| 33 | value in the first year the homestead is established may not |
| 34 | exceed the difference between the previous homestead's just |
| 35 | value and its assessed value in the year of sale. In addition, |
| 36 | to be assessed as provided in this paragraph, the assessed value |
| 37 | of the new homestead must equal or exceed the assessed value of |
| 38 | the previous homestead. Thereafter, the homestead shall be |
| 39 | assessed as provided herein. |
| 40 |
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| 41 | === B A L L O T S T A T E M E N T A M E N D M E N T === |
| 42 | On page 13, line(s) 13, remove all of said line and insert: |
| 43 |
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| 44 | property; to provide for assessing at less than just value |
| 45 | property purchased within one year after a sale of homestead |
| 46 | property and established as new homestead property, limited by |
| 47 | the difference between the new homestead property's just value |
| 48 | and its assessed value in the first year the homestead is |
| 49 | established not exceeding the difference between the previous |
| 50 | homestead's just value and its assessed value in the year of |
| 51 | sale and the new homestead property's assessed value equaling or |
| 52 | exceeding the old homestead property's assessed value; to |
| 53 | provide for assessing rent-restricted affordable |
| 54 |
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| 55 | ========= T I T L E A M E N D M E N T ========= |
| 56 | On page 1, line(s) 9, remove all of said line and insert: |
| 57 |
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| 58 | assessed value for homestead property, provide an additional |
| 59 | circumstance for assessing homestead property at less than just |
| 60 | value, provide |