The joint resolution proposes an amendment to the Florida State Constitution that would allow the Legislature to establish, through general law, that the transfer of homestead property by inheritance will not be classified as a change in ownership for the purposes of property assessment. This change aims to ensure that inherited homestead properties maintain their assessed value and do not face increased taxation due to ownership transfer upon inheritance. The resolution outlines the necessary amendments to Section 4 of Article VII and introduces a new section in Article XII, which would take effect on January 1, 2027.

If approved by voters, this amendment would provide clarity and stability for families inheriting homestead properties, potentially reducing the financial burden associated with property taxes. The resolution emphasizes the importance of maintaining just valuations for homestead properties and allows for the Legislature to define the specifics of this assessment process through general law. The proposed amendment will be presented to the electorate for approval during the next general election or a specially authorized election.