The joint resolution proposes an amendment to the Florida State Constitution that would allow the Legislature to establish laws prohibiting the consideration of any changes or improvements made to homestead properties aimed at mitigating flood damage when determining their assessed value for ad valorem taxation. This amendment also seeks to limit the transfer of such assessed value to new homestead properties. The proposed changes would be submitted to voters for approval during the next general election or a special election authorized by law.

If approved, the amendment would modify Section 4 of Article VII and create a new section in Article XII of the State Constitution, with an effective date of January 1, 2027. The resolution outlines the specific provisions regarding property assessments, including the conditions under which the Legislature may implement these changes, ensuring that the assessed value of homestead properties remains fair and just while addressing the need for flood damage mitigation.