No. HJR 67
Reduction of Annual Assessment Increases for Homestead Property; Proposes State Constitutional amendment reducing maximum amount that homestead property’s assessed value may increase annually.
Plain English Summary
AI-GENERATEDFlorida's constitution already limits how much a homestead's taxable assessed value can increase each year, to the lower of 3 percent or the change in inflation. This joint resolution would cut that percentage to 1.5, leaving the inflation alternative untouched.
This is a proposed constitutional amendment, not a self-executing law change. It directs that a ballot statement be placed before voters, who must approve it before the lower cap can take effect.
If voters approve it, a new schedule provision fixes January 1, 2027 as the date the reduced cap and this section begin to apply to homestead assessments.
AIThe constitution now caps yearly growth in a homestead's taxable assessed value at the lower of 3% or the change in the Consumer Price Index. This amendment lowers that percentage to 1.5%, leaving the CPI alternative untouched.
AIThe amendment adds a schedule provision stating that this section, and the reduction to the homestead assessment cap, take effect on January 1, 2027, rather than immediately upon voter approval.
AIBecause this is a joint resolution proposing a constitutional amendment, it does not change the law on its own. The text directs that a ballot statement be placed before voters, who must approve it for the lower cap to apply.