The joint resolution proposes amendments to the Florida State Constitution aimed at modifying property tax assessment increases for both homestead and nonhomestead properties. Specifically, it establishes that assessment increases for non-school homestead properties will occur every three years, capped at either three percent or the change in the Consumer Price Index, whichever is lower. For nonhomestead properties, the increase is limited to 15 percent every three years. Additionally, it stipulates that assessments cannot increase if the property's just value has decreased over the prior three years.

Furthermore, the resolution includes a provision that prohibits local governments from reducing funding for law enforcement, firefighters, and other first responders below the budgeted levels of either the 2025-2026 or 2026-2027 fiscal years, whichever is higher. This amendment is set to take effect on January 1, 2027, and will be presented to voters for approval or rejection at the next general election or an earlier special election.