SESSION WATCH
Died HOUSE · SESSION 2026

No. HB 1413

Assessment of Property with Decreasing Just Valuation
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SPONSOR
Hunschofsky
FILED BY
Christine Hunschofsky — District 95, Democrat [search donations]
EFFECTIVE
This act shall take effect on the effective date of the amendment to the State Constitution proposed by HJR 1411 or a similar joint resolution having substantially the same specified intent and purpose, if such amendment to the State Constitution is approved at the next general election or at an earlier special election specifically authorized by law for that purpose.
DIED IN
Ways & Means Committee
OFFICIAL RECORD
flsenate.gov/Session/Bill/2026/1413

Filed under Taxes & Budget.

PROVIDED SUMMARY

Assessment of Property with Decreasing Just Valuation; Prohibits increases in certain assessed valuations if the just value of property has decreased.

Full bill text →

Plain English Summary

AI-GENERATED
Caps property tax increases when market value drops.

Homestead owners see their assessed value frozen if the property's just value falls below the previous year's level.

Nonhomestead residential and nonresidential properties also face a freeze on assessed value increases when just value declines.

This protection applies to all local levies except school district taxes, which remain subject to the standard 10 percent annual cap.

The bill takes effect only if a related constitutional amendment is approved by voters at the next general election.

KEY PROVISIONS
§ 1 Homestead Assessment Cap moderates. 193.155(1)(a)

AICaps annual homestead assessment increases at the lower of 3% or CPI, replacing the previous 1% cap.

“Any change resulting from such reassessment shall not exceed the lower of the following: Three percent of the assessed value of the property for the prior year; or The percentage” bill text, line 23 →
§ 2 Homestead Value Decline Protection moderates. 193.155(1)(b)

AIProhibits assessed value increases for homestead property if its just value has decreased since the prior year.

“the assessed value of homestead property may not increase if the just value of the property is less than the just value of the property on the preceding January 1.” bill text, line 32 →
§ 3 Nonhomestead Residential Value Decline Protection moderates. 193.1554(3)(b)

AIProhibits assessed value increases for nonhomestead residential property if its just value has decreased, excluding school district levies.

“the assessed value of nonhomestead residential property may not increase if the just value of the property is less than the just value of the property on the preceding January 1.” bill text, line 99 →
§ 4 Nonresidential Real Property Value Decline Protection moderates. 193.1555(3)(b)

AIProhibits assessed value increases for nonresidential real property if its just value has decreased, excluding school district levies.

“the assessed value of nonresidential real property may not increase if the just value of the property is less than the just value of the property on the preceding January 1.” bill text, line 157 →
TIMELINE
3/13/2026
Died in Ways & Means Committee
1/15/2026
Now in Ways & Means Committee
1/15/2026
Referred to State Affairs Committee
1/15/2026
Referred to Intergovernmental Affairs Subcommittee
1/15/2026
Referred to Ways & Means Committee
1/13/2026
1st Reading (Original Filed Version)
1/9/2026
Filed
1 EARLIER →
STATUTES IT CHANGES
s. 193.155
+44 / −2
s. 193.1554
+54 / −0
s. 193.1555
+54 / −0