Assessment of Property with Decreasing Just Valuation

Summary

HB 1413 would amend Florida's assessment statutes so that a property's assessed value cannot rise if its just (market) value is lower than it was on the previous January 1. The rule applies to both homestead and non‑homestead residential properties and also sets limits on how improvements and damage are valued. The intent is to keep tax bills from climbing when property values decline.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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