This bill amends Florida Statutes regarding ad valorem taxation, specifically focusing on the Save-Our-Homes portability benefits for married couples establishing a joint homestead. It revises the assessment process for homestead properties, allowing married couples who each received a homestead exemption prior to their marriage to combine the assessed values of their previous homesteads. The reduction from just value for their new homestead is capped at $500,000, reflecting the combined difference between the just value and assessed value of both prior homesteads. Additionally, the bill introduces a provision that requires a two-thirds vote from the governing body of a county, municipality, or independent district to increase the prior year's adopted millage rate.

Furthermore, the bill authorizes the Department of Revenue to adopt emergency rules to implement these amendments, with such rules being effective for six months after adoption and subject to renewal. The amendments will first apply to the 2027 tax roll, and the act is set to take effect on January 1, 2027, except for certain provisions that become law immediately.

Statutes affected:
H 215 Filed: 193.155