Joint Resolution
Nonhomestead Property Annual Assessment Increase Limitation Reduction; New Homestead Property Owner Additional Homestead Exemption:
Proposes amendment to ss. 4 & 6, Art. VII & creation of ss. 31 & 32, Art. XII of State Constitution to reduce from 10 percent to 5 percent limitation on annual increases in assessments of nonhomestead real property; provide new owners of homestead property who have not owned homestead property during immediately preceding 3 years with additional homestead exemption equal to 50 percent of property's just value in first year for all levies other than school district levies, limited to $200,000; reduce amount of additional exemption in each succeeding year for 5 years by greater of 20 percent of amount of initial additional exemption or difference between just value & assessed value of property; limit additional exemption to one per homestead property; limit additional exemption to properties purchased after January 1, 2010; prohibit availability of additional exemption in 6th & subsequent years after additional exemption is granted; provide for amendments to take effect January 1, 2011, & apply to properties purchased on or after January 1, 2010.
Effective Date:
Not Specified
Last Event:
Died, Not Introduced on Tuesday, July 20, 2010 12:51 PM
(No Related Bills On Record)
| Event |
Time |
Member |
Committee |
Ver. |
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Event:
H Died, Not Introduced
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Time:
07/20/2010 - 12:51 PM
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Member:
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Committee:
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Version:
__
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Event:
H Filed
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Time:
07/19/2010 - 2:29 PM
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Member:
Domino
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Committee:
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Version:
__
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