Florida Senate - 2008 SJR 2024
By Senator Fasano
11-02377-08 20082024__
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Senate Joint Resolution
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A joint resolution proposing an amendment to Section 4 of
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Article VII of the State Constitution, relating to
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taxation and assessments, to require that the just
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valuation of real property be based on present use.
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Be It Resolved by the Legislature of the State of Florida:
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That the following amendment to Section 4 of Article VII of
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the State Constitution is agreed to and shall be submitted to the
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electors of this state for approval or rejection at the next
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general election or at an earlier special election specifically
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authorized by law for that purpose:
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ARTICLE VII
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FINANCE AND TAXATION
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SECTION 4. Taxation; assessments.-
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By general law regulations shall be prescribed which shall
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secure a just valuation of all property for ad valorem taxation.
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Just valuation of property shall be determined based upon present
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use. Speculative values based upon the hypothetical use of a
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property may not be taken into consideration. In addition,
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provided:
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(a) Agricultural land, land producing high water recharge
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to Florida's aquifers, or land used exclusively for noncommercial
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recreational purposes may be classified by general law and
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assessed solely on the basis of character or use.
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(b) Pursuant to general law tangible personal property held
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for sale as stock in trade and livestock may be valued for
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taxation at a specified percentage of its value, may be
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classified for tax purposes, or may be exempted from taxation.
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(c) All persons entitled to a homestead exemption under
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Section 6 of this Article shall have their homestead assessed at
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just value as of January 1 of the year following the effective
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date of this amendment. This assessment shall change only as
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provided herein.
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(1) Assessments subject to this provision shall be changed
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annually on January 1st of each year; but those changes in
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assessments may shall not exceed the lower of the following:
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a. Three percent (3%) of the assessment for the prior year.
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b. The percent change in the Consumer Price Index for all
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urban consumers, U.S. City Average, all items 1967=100, or
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successor reports for the preceding calendar year as initially
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reported by the United States Department of Labor, Bureau of
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Labor Statistics.
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(2) No assessment shall exceed just value.
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(3) After any change of ownership, as provided by general
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law, homestead property shall be assessed at just value as of
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January 1 of the following year, unless the provisions of
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paragraph (8) apply. Thereafter, the homestead shall be assessed
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as provided herein.
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(4) New homestead property shall be assessed at just value
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as of January 1st of the year following the establishment of the
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homestead, unless the provisions of paragraph (8) apply. That
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assessment shall only change as provided herein.
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(5) Changes, additions, reductions, or improvements to
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homestead property shall be assessed as provided for by general
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law; provided, however, after the adjustment for any change,
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addition, reduction, or improvement, the property shall be
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assessed as provided herein.
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(6) In the event of a termination of homestead status, the
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property shall be assessed as provided by general law.
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(7) The provisions of this amendment are severable. If any
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of the provisions of this amendment shall be held
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unconstitutional by any court of competent jurisdiction, the
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decision of such court shall not affect or impair any remaining
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provisions of this amendment.
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(8)a. A person who establishes a new homestead as of
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January 1, 2009, or January 1 of any subsequent year and who has
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received a homestead exemption pursuant to Section 6 of this
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Article as of January 1 of either of the two years immediately
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preceding the establishment of the new homestead is entitled to
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have the new homestead assessed at less than just value. If this
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revision is approved in January of 2008, A person who establishes
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a new homestead as of January 1, 2008, is entitled to have the
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new homestead assessed at less than just value only if that
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person received a homestead exemption on January 1, 2007. The
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assessed value of the newly established homestead shall be
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determined as follows:
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1. If the just value of the new homestead is greater than
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or equal to the just value of the prior homestead as of January 1
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of the year in which the prior homestead was abandoned, the
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assessed value of the new homestead shall be the just value of
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the new homestead minus an amount equal to the lesser of $500,000
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or the difference between the just value and the assessed value
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of the prior homestead as of January 1 of the year in which the
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prior homestead was abandoned. Thereafter, the homestead shall be
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assessed as provided herein.
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2. If the just value of the new homestead is less than the
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just value of the prior homestead as of January 1 of the year in
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which the prior homestead was abandoned, the assessed value of
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the new homestead shall be equal to the just value of the new
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homestead divided by the just value of the prior homestead and
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multiplied by the assessed value of the prior homestead. However,
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if the difference between the just value of the new homestead and
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the assessed value of the new homestead calculated pursuant to
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this sub-subparagraph is greater than $500,000, the assessed
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value of the new homestead shall be increased so that the
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difference between the just value and the assessed value equals
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$500,000. Thereafter, the homestead shall be assessed as provided
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herein.
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b. By general law and subject to conditions specified
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therein, the Legislature shall provide for application of this
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paragraph to property owned by more than one person.
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(d) The legislature may, by general law, for assessment
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purposes and subject to the provisions of this subsection, allow
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counties and municipalities to authorize by ordinance that
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historic property may be assessed solely on the basis of
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character or use. Such character or use assessment shall apply
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only to the jurisdiction adopting the ordinance. The requirements
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for eligible properties must be specified by general law.
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(e) A county may, in the manner prescribed by general law,
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provide for a reduction in the assessed value of homestead
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property to the extent of any increase in the assessed value of
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that property which results from the construction or
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reconstruction of the property for the purpose of providing
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living quarters for one or more natural or adoptive grandparents
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or parents of the owner of the property or of the owner's spouse
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if at least one of the grandparents or parents for whom the
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living quarters are provided is 62 years of age or older. Such a
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reduction may not exceed the lesser of the following:
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(1) The increase in assessed value resulting from
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construction or reconstruction of the property.
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(2) Twenty percent of the total assessed value of the
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property as improved.
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(f) For all levies other than school district levies,
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assessments of residential real property, as defined by general
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law, which contains nine units or fewer and which is not subject
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to the assessment limitations set forth in subsections (a)
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through (c) shall change only as provided in this subsection.
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(1) Assessments subject to this subsection shall be changed
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annually on the date of assessment provided by law; but those
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changes in assessments shall not exceed ten percent (10%) of the
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assessment for the prior year.
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(2) No assessment shall exceed just value.
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(3) After a change of ownership or control, as defined by
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general law, including any change of ownership of a legal entity
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that owns the property, such property shall be assessed at just
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value as of the next assessment date. Thereafter, such property
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shall be assessed as provided in this subsection.
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(4) Changes, additions, reductions, or improvements to such
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property shall be assessed as provided for by general law;
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however, after the adjustment for any change, addition,
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reduction, or improvement, the property shall be assessed as
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provided in this subsection.
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(g) For all levies other than school district levies,
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assessments of real property that is not subject to the
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assessment limitations set forth in subsections (a) through (c)
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and (f) shall change only as provided in this subsection.
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(1) Assessments subject to this subsection shall be changed
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annually on the date of assessment provided by law; but those
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changes in assessments shall not exceed ten percent (10%) of the
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assessment for the prior year.
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(2) No assessment shall exceed just value.
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(3) The legislature must provide that such property shall
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be assessed at just value as of the next assessment date after a
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qualifying improvement, as defined by general law, is made to
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such property. Thereafter, such property shall be assessed as
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provided in this subsection.
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(4) The legislature may provide that such property shall be
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assessed at just value as of the next assessment date after a
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change of ownership or control, as defined by general law,
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including any change of ownership of the legal entity that owns
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the property. Thereafter, such property shall be assessed as
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provided in this subsection.
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(5) Changes, additions, reductions, or improvements to such
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property shall be assessed as provided for by general law;
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however, after the adjustment for any change, addition,
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reduction, or improvement, the property shall be assessed as
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provided in this subsection.
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BE IT FURTHER RESOLVED that the following statement be
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placed on the ballot:
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CONSTITUTIONAL AMENDMENT
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ARTICLE VII, SECTION 4
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JUST VALUATION OF PROPERTY.--Proposing an amendment to the
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State Constitution to require that the just valuation of property
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be based on present use and not on hypothetical use.
CODING: Words stricken are deletions; words underlined are additions.