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Glossary of Legislative Terms

SB 1192: Assessment of Homestead Property

GENERAL BILL by Ingoglia

Assessment of Homestead Property; Prohibiting the assessed value of elevated homestead property from exceeding a specified amount for a specified timeframe under certain circumstances; requiring a property owner who uses a specified limitation to maintain active homeowner’s and flood insurances for a specified timeframe; providing that failure to maintain such coverage may result in the reassessment of the property’s value without a specified benefit; requiring that the assessed value of an elevated homestead property be recalculated at a specified time and in accordance with specified provisions, etc.

Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 1190 or a similar joint resolution having substantially the same specific intent and purpose, if such amendment is approved at the next general election or at an earlier special election specifically authorized by law for that purpose
 Last Action: 3/4/2025 Senate - Introduced
Bill Text: Web Page | PDF
Senate Committee References:
  1. Community Affairs (CA)
  2. Finance and Tax (FT)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    2/25/2025 Senate • Filed
    3/3/2025 Senate • Referred to Community Affairs; Finance and Tax; Appropriations
    3/4/2025 Senate • Introduced

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  • SB 1192, Original Filed Version (Current Bill Version) Posted 2/25/2025 at 2:25 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (5)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1190 Homestead Property Assessment Limitation Ingoglia Linked Last Action: 3/4/2025 S Introduced Track This Bill
    H 1041 (c1) Assessment of Homestead Property Berfield, Anderson Similar Last Action: 3/26/2025 H Now in State Affairs Committee Track This Bill
    S 176 (c1) Assessment of Homestead Property DiCeglie Similar Last Action: 3/28/2025 S Now in Appropriations Track This Bill
    H 1039 Limitation on the Assessment of Homestead Property Berfield, Anderson Compare Last Action: 3/26/2025 H Now in State Affairs Committee Track This Bill
    S 174 Assessment of Homestead Property DiCeglie Compare Last Action: 3/27/2025 S Now in Appropriations Track This Bill

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    193.155 Homestead assessments. Page 2 (pdf)

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