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 seeks to limit the transfer of such assessed value to new homestead properties, thereby potentially reducing the tax burden on homeowners who make improvements to protect their properties from flooding. The proposed changes would be submitted to voters for approval in the next general election or a special election.

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. The ballot statement will inform voters about the proposed limitations on property tax assessments for homestead properties, emphasizing the focus on flood damage mitigation efforts.