The joint resolution CS/CS/HJR 1257 proposes amendments to the Florida State Constitution that aim to enhance property tax benefits for certain residential properties. Specifically, it seeks to empower the Legislature to offer two $25,000 exemptions and an assessment limitation for 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 take effect on January 1, 2027, pending voter approval during the next general election.

The resolution also details the assessment processes for homestead properties, including valuation methods and limitations on annual assessment increases. It establishes guidelines for assessing properties based on their use, such as agricultural or conservation purposes, and includes provisions for military personnel and other qualifying individuals to receive additional exemptions. Furthermore, the resolution accounts for inflation adjustments based on the Consumer Price Index and sets eligibility criteria for various exemptions based on age, income, and disability status. Ultimately, the proposed amendments will be presented to voters, allowing the public to decide on these significant changes to property tax regulations.