Ad Valorem Taxation

Summary

The measure updates how Florida calculates the taxable value of a new homestead when a married couple moves, limiting the assessment reduction to $500,000 and clarifying benefits for couples with separate prior homesteads. It also adds a requirement that any increase in the prior year’s millage rate must be approved by a two‑thirds vote of the local governing body. The bill sets up emergency rules for implementation and would take effect for the 2027 tax roll, but it died in committee.

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

Topics

Share