bill to be entitled
An act relating to homestead assessments; amending s.
It Enacted by the Legislature of the State of
(1)(a) Beginning in
1995, or the year
following the year the property receives homestead exemption, whichever
is later, the property shall be reassessed annually on January 1. Any
change resulting from such reassessment shall not exceed the lower of the
(a) Three percent of the assessed value of the
property for the prior year; or
(b) The percentage change in the Consumer
Price Index for All Urban Consumers, U.S. City Average, all items 1967=100,
or successor reports for the preceding calendar year as initially reported
by the United States Department of Labor, Bureau of Labor Statistics.
(b) If the just value of the property has decreased from the prior year, the assessed value of the property shall be decreased by the same percentage decrease in just value. If there is no change in the just value of the property from the prior year, there shall be no change in the assessed value of the property.