The joint resolution CS/CS/HJR 1257 proposes amendments to the Florida State Constitution, specifically targeting property tax benefits. It seeks to empower the Legislature to offer two $25,000 exemptions and an assessment limitation for certain residential properties under long-term leases of six months or more. Additionally, the resolution introduces an extra homestead exemption for first-time homeowners who have not owned homestead property in the four years prior to their current purchase. These amendments are designed to enhance property tax relief for eligible residents and promote economic development, with the proposed changes set to take effect on January 1, 2027.

The resolution also outlines specific provisions for homestead exemptions, including adjustments for inflation based on the Consumer Price Index, and establishes eligibility criteria based on age, income, and disability status. It includes measures to provide tax relief for veterans and first responders under certain conditions. Importantly, the proposed amendments will be submitted to voters during the next general election, allowing the public to decide on these changes to property tax regulations in Florida, with an emphasis on ensuring fair taxation and assessment practices across various property types.