HB0069 • 2026

Assessment of Homestead Property

Elections Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Holcomb
Last action: 2025-10-31
Official status: House - Withdrawn prior to introduction
Effective date: This act s

Plain English Breakdown

The official source material does not provide details on using CPI as an alternative measure, only that the maximum increase is limited to three percent or the lower of the CPI change.

Reducing Maximum Increase in Homestead Property Value

This bill reduces the maximum yearly increase in assessed value for homestead property to three percent, contingent on voter approval of a constitutional amendment.

What This Bill Does

Changes the law so that the maximum annual increase in the assessed value of a home with a homestead exemption is limited to three percent.
Requires this new rule to take effect after voters approve an amendment to the Florida State Constitution.

Who It Names or Affects

Homeowners with homestead property in Florida who receive a homestead exemption.

Terms To Know

Homestead Property: A home and up to 10 acres of land where someone lives as their main residence, which may be protected from certain taxes or liens.
Consumer Price Index (CPI): A measure that looks at the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Limits and Unknowns

The bill will not take effect until voters approve an amendment to the Florida State Constitution.
It is unclear when or if the constitutional amendment will be approved by voters.

Bill History

2025-10-31 House
• Withdrawn prior to introduction
2025-10-07 House
• Referred to Select Committee on Property Taxes • Referred to State Affairs Committee • Referred to Ways & Means Committee • Now in Select Committee on Property Taxes
2025-09-30 House
• Filed

Official Summary Text

Assessment of Homestead Property; Reducing maximum increase in assessed value authorized for homestead property.

Current Bill Text

Read the full stored bill text

HB 69 2026

CODING: Words stricken are deletions; words underlined are additions.
hb69-00
Page 1 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

A bill to be entitled 1
An act relating to assessment of homestead property; 2
amending s. 193.155, F.S.; reducing the maximum 3
increase in assessed value authorized for homestead 4
property; providing a contingent effective date. 5
6
Be It Enacted by the Legislature of the State of Florida: 7
8
Section 1. Subsection (1) of section 193.155, Florida 9
Statutes, is amended to read: 10
193.155 Homestead assessments.—Homestead property shall be 11
assessed at just value as of January 1, 1994. Property receiving 12
the homestead exemption after January 1, 1994, shall be assessed 13
at just value as of January 1 of the year in which the property 14
receives the exemption unless the provisions of subsection (8) 15
apply. 16
(1) Beginning in 1995, or the year following the year the 17
property receives homestead exemption, whichever is later, the 18
property shall be reassessed annually on January 1. Any change 19
resulting from such reassessment shall not exceed the lower of 20
the following: 21
(a) One and one-half Three percent of the assessed value 22
of the property for the prior year; or 23
(b) The percentage change in the Consumer Price Index for 24
All Urban Consumers, U.S. City Average, all items 1967=100, or 25

HB 69 2026

CODING: Words stricken are deletions; words underlined are additions.
hb69-00
Page 2 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

successor reports for the preceding calendar year as initially 26
reported by the United States Department of Labor, Bureau of 27
Labor Statistics. 28
Section 2. This act shall take effect on the effective 29
date of the amendment to the State Constitution proposed by HJR 30
67 or a similar joint resolution having substantially the same 31
specified intent and purpose, if such amendment to the State 32
Constitution is approved at the next general election or at an 33
earlier special election specifically authorized by law for that 34
purpose. 35