THE BILL ITSELF
HB 69
Assessment of Homestead Property
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A bill to be entitled
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An act relating to assessment of homestead property;
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amending s. 193.155, F.S.; reducing the maximum
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increase in assessed value authorized for homestead
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property; providing a contingent effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Subsection (1) of section 193.155, Florida
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Statutes, is amended to read:
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193.155 Homestead assessments.—Homestead property shall be
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assessed at just value as of January 1, 1994. Property receiving
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the homestead exemption after January 1, 1994, shall be assessed
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at just value as of January 1 of the year in which the property
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receives the exemption unless the provisions of subsection (8)
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apply.
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(1) Beginning in 1995, or the year following the year the
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property receives homestead exemption, whichever is later, the
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property shall be reassessed annually on January 1. Any change
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resulting from such reassessment shall not exceed the lower of
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the following:
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(a) One and one-half Three percent of the assessed value
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of the property for the prior year; or
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(b) The percentage change in the Consumer Price Index for
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All 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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Section 2. This act shall take effect on the effective
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date of the amendment to the State Constitution proposed by HJR
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67 or a similar joint resolution having substantially the same
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specified intent and purpose, if such amendment to the State
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Constitution is approved at the next general election or at an
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earlier special election specifically authorized by law for that
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purpose.