Died SENATE · SESSION 2026

No. SB 1608

Assessment of Property with Decreasing Just Valuation

SPONSOR

Polsky

FILED BY

Tina Scott Polsky — District 30, Democrat [search donations]

EFFECTIVE

On the effective date of the amendment to the State Constitution proposed by SJR 1610 or a similar joint resolution having substantially the same specific 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

Finance and Tax

OFFICIAL RECORD

flsenate.gov/Session/Bill/2026/1608

Filed under Taxes & Budget.

PROVIDED SUMMARY

Assessment of Property with Decreasing Just Valuation; Prohibiting increases in certain assessed valuations if the just value of the property has decreased since the previous assessment, etc.

Full bill text →

Plain English Summary

AI-GENERATED

Caps assessed value increases when property values fall.

Homestead property assessed values may not rise if the property's just value drops below the previous year's level.

Nonhomestead residential property assessed values may not rise for most local levies if the property's just value has decreased.

Nonresidential real property assessed values may not rise for most local levies if the property's just value has decreased.

These new limits apply to all levies except school district levies and assessments for new improvements.

KEY PROVISIONS

§ 1 Homestead Assessment Cap majors. 193.155(1)(b)

AICaps annual homestead assessment increases at the lower of 3% or CPI, with a new floor preventing increases if just value drops.

“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 33 →

§ 2 Nonhomestead Residential Assessment Cap majors. 193.1554(3)(b)

AICaps annual nonhomestead residential assessment increases at 10%, with a new floor preventing increases if just value drops for non-school levies.

“the assessed value of a 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 100 →

§ 3 Nonresidential Real Property Assessment Cap majors. 193.1555(3)(b)

AICaps annual nonresidential real property assessment increases at 10%, with a new floor preventing increases if just value drops for non-school 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 158 →

TIMELINE

3/13/2026

Died in Finance and Tax

1/22/2026

Introduced

1/16/2026

Referred to Finance and Tax; Appropriations; Rules

1/9/2026

Filed

STATUTES IT CHANGES

s. 193.155

+49 / −2

s. 193.1554

+58 / −0

s. 193.1555

+54 / −0