| 1 | Representative(s) Gelber offered the following: |
| 2 |
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| 3 | Amendment to Amendment (749169) (with ballot amendment) |
| 4 | Remove line(s) 206-224 and insert: |
| 5 | be less than five percent (5%) of the assessment for the prior |
| 6 | year, to be determined by the legislature. |
| 7 | (2) No assessment shall exceed just value. |
| 8 | (3) After any change of ownership, as defined by general |
| 9 | law, including any change of ownership of a legal entity that |
| 10 | owns the property, such property shall be assessed at just value |
| 11 | as of the next assessment date. Thereafter, such property shall |
| 12 | be assessed as provided herein. |
| 13 | (4) Changes, additions, reductions, or improvements to |
| 14 | such property shall be assessed as provided for by general law; |
| 15 | provided, however, after the adjustment for any change, |
| 16 | addition, reduction, or improvement, the property shall be |
| 17 | assessed as provided herein. |
| 18 | (i) Assessments of real property that is not subject to |
| 19 | the assessment limitations set forth in subsections (a) through |
| 20 | (h) shall change only as provided herein. |
| 21 | (1) Assessments subject to this subsection shall be |
| 22 | changed annually on the assessment date each year as provided by |
| 23 | law; but those changes in assessments shall not be less than |
| 24 | five percent (5%) of the assessment for the prior year, to be |
| 25 | determined by the legislature. |
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| 27 |
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| 28 | ----------------------------------------------------- |
| 29 | B A L L O T A M E N D M E N T |
| 30 | Remove line(s) 575-577 and insert: |
| 31 | (7) Creates a limitation on assessment increases for |
| 32 | specified real property that is not entitled to the homestead |
| 33 | exemption of not less than 5 percent, to be determined by the |
| 34 | Legislature. |