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 aims to introduce 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 take effect on January 1, 2027, and will be presented to voters for approval during the next general election.

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. Overall, the proposed changes aim to enhance property tax relief for Florida residents, promote homeownership among first-time buyers, and ensure fair property assessments.