Florida Senate - 2007 SENATOR AMENDMENT
Bill No. SJR 4-B
Barcode 602642
CHAMBER ACTION
Senate House
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3 Floor: 1/F/2R .
06/14/2007 09:15 AM .
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11 Senator Hill moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 3, line 28, through
15 page 6, line 11, delete those lines
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17 and insert:
18 SECTION 4. Taxation; assessments.--By general law
19 regulations shall be prescribed which shall secure a just
20 valuation of all property for ad valorem taxation, provided:
21 (a) Agricultural land, land producing high water
22 recharge to Florida's aquifers, or land used exclusively for
23 noncommercial recreational purposes may be classified by
24 general law and assessed solely on the basis of character or
25 use.
26 (b) Pursuant to general law tangible personal property
27 held for sale as stock in trade and livestock may be valued
28 for taxation at a specified percentage of its value, may be
29 classified for tax purposes, or may be exempted from taxation.
30 (c) All persons entitled to a homestead exemption
31 under Section 6 of this Article shall have their homestead
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. SJR 4-B
Barcode 602642
1 assessed at just value as of January 1 of the year following
2 the effective date of this amendment. This assessment shall
3 change only as provided herein.
4 (1) Assessments subject to this provision shall be
5 changed annually on January 1st of each year; but those
6 changes in assessments shall not exceed the lower of the
7 following:
8 a. Three percent (3%) of the assessment for the prior
9 year.
10 b. The percent change in the Consumer Price Index for
11 all urban consumers, U.S. City Average, all items 1967=100, or
12 successor reports for the preceding calendar year as initially
13 reported by the United States Department of Labor, Bureau of
14 Labor Statistics.
15 (2) No assessment shall exceed just value.
16 (3) After any change of ownership, as provided by
17 general law, homestead property shall be assessed at just
18 value as of January 1 of the following year, unless the
19 provisions of paragraph (8) apply. Thereafter, the homestead
20 shall be assessed as provided herein.
21 (4) New homestead property shall be assessed at just
22 value as of January 1st of the year following the
23 establishment of the homestead, unless the provisions of
24 paragraph (8) apply. That assessment shall only change as
25 provided herein.
26 (5) Changes, additions, reductions, or improvements to
27 homestead property shall be assessed as provided for by
28 general law; provided, however, after the adjustment for any
29 change, addition, reduction, or improvement, the property
30 shall be assessed as provided herein.
31 (6) In the event of a termination of homestead status,
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. SJR 4-B
Barcode 602642
1 the property shall be assessed as provided by general law.
2 (7) The provisions of this amendment are severable. If
3 any of the provisions of this amendment shall be held
4 unconstitutional by any court of competent jurisdiction, the
5 decision of such court shall not affect or impair any
6 remaining provisions of this amendment.
7 (8) When a person sells or transfers his or her
8 homestead property within this state or ceases to maintain his
9 or her permanent residence on that property and within two
10 years establishes another property as his or her new
11 homestead, the newly established homestead property shall be
12 initially assessed at less than just value, as provided by
13 general law. The difference between the new homestead
14 property's just value and its assessed value in the first year
15 the homestead is established may not exceed the lesser of five
16 hundred thousand dollars or the difference between the
17 previous homestead's just value and its assessed value in the
18 year it was sold or transferred or ceased to be its owner's
19 permanent residence. In addition, to be assessed as provided
20 in this paragraph, the assessed value of the new homestead
21 must equal or exceed the assessed value of the previous
22 homestead. The assessed value of the homestead shall increase
23 by 10 percent each year until it equals the just value of the
24 homestead in the first year it was established, adjusted each
25 year following establishment of the homestead as provided in
26 paragraph (1) of this subsection. Thereafter, the assessed
27 value of the homestead shall not be adjusted except as
28 provided in paragraph (1) of this subsection.
29 (d) The legislature may, by general law, for
30 assessment purposes and subject to the provisions of this
31 subsection, allow counties and municipalities to authorize by
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. SJR 4-B
Barcode 602642
1 ordinance that historic property may be assessed solely on the
2 basis of character or use. Such character or use assessment
3 shall apply only to the jurisdiction adopting the ordinance.
4 The requirements for eligible properties must be specified by
5 general law.
6 (e) A county may, in the manner prescribed by general
7 law, provide for a reduction in the assessed value of
8 homestead property to the extent of any increase in the
9 assessed value of that property which results from the
10 construction or reconstruction of the property for the purpose
11 of providing living quarters for one or more natural or
12 adoptive grandparents or parents of the owner of the property
13 or of the owner's spouse if at least one of the grandparents
14 or parents for whom the living quarters are provided is 62
15 years of age or older. Such a reduction may not exceed the
16 lesser of the following:
17 (1) The increase in assessed value resulting from
18 construction or reconstruction of the property.
19 (2) Twenty percent of the total assessed value of the
20 property as improved.
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23 ================ T I T L E A M E N D M E N T ===============
24 And the title is amended as follows:
25 On page 1, line 7, delete that line
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27 and insert:
28 property, authorize the portability of the
29 limitation in the
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