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HB 1413 2026
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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 property with 2
decreasing just valuation; amending ss. 193.155, 3
193.1554, and 193.1555, F.S.; prohibiting increases in 4
certain assessed valuations if the just value of the 5
property has decreased since the previous assessment; 6
providing a contingent effective date. 7
8
Be It Enacted by the Legislature of the State of Florida: 9
10
Section 1. Subsection (1) of section 193.155, Florida 11
Statutes, is amended, and subsection (4) of that section is 12
republished, to read: 13
193.155 Homestead assessments.—Homestead property shall be 14
assessed at just value as of January 1, 1994. Property receiving 15
the homestead exemption after January 1, 1994, shall be assessed 16
at just value as of January 1 of the year in which the property 17
receives the exemption unless the provisions of subsection (8) 18
apply. 19
(1)(a) Except as provided in paragraph (b), beginning in 20
1995, or the year following the year the property receives 21
homestead exemption, whichever is later, the property shall be 22
reassessed annually on January 1. Any change resulting from such 23
reassessment shall not exceed the lower of the following: 24
1.(a) Three percent of the assessed value of the property 25
HB 1413 2026
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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
for the prior year; or 26
2.(b) The percentage change in the Consumer Price Index 27
for All Urban Consumers, U.S. City Average, all items 1967=100, 28
or successor reports for the preceding calendar year as 29
initially reported by the United States Department of Labor, 30
Bureau of Labor Statistics. 31
(b) Except as provided in subsection (4), the assessed 32
value of homestead property may not increase if the just value 33
of the property is less than the just value of the property on 34
the preceding January 1. 35
(4)(a) Except as provided in paragraph (b) and s. 193.624, 36
changes, additions, or improvements to homestead property shall 37
be assessed at just value as of the first January 1 after the 38
changes, additions, or improvements are substantially completed. 39
(b)1. Changes, additions, or improvements that replace all 40
or a portion of homestead property, including ancillary 41
improvements, damaged or destroyed by misfortune or calamity 42
shall be assessed upon substantial completion as provided in 43
this paragraph. Such assessment must be calculated using the 44
homestead property's assessed value as of the January 1 45
immediately before the date on which the damage or destruction 46
was sustained, subject to the assessment limitations in 47
subsections (1) and (2), when: 48
a. The square footage of the homestead property as changed 49
or improved does not exceed 130 percent of the square footage of 50
HB 1413 2026
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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
the homestead property before the damage or destruction; or 51
b. The total square footage of the homestead property as 52
changed or improved does not exceed 2,000 square feet. 53
2. The homestead property's assessed value must be 54
increased by the just value of that portion of the changed or 55
improved homestead property which is in excess of 130 percent of 56
the square footage of the homestead property before the damage 57
or destruction or of that portion exceeding 2,000 square feet. 58
3. Homestead property damaged or destroyed by misfortune 59
or calamity which, after being changed or improved, has a square 60
footage of less than 100 percent of the homestead property's 61
total square footage before the damage or destruction shall be 62
assessed pursuant to subsection (5). 63
4. Changes, additions, or improvements assessed pursuant 64
to this paragraph must be reassessed pursuant to subsection (1) 65
in subsequent years. This paragraph applies to changes, 66
additions, or improvements commenced within 5 years after the 67
January 1 following the damage or destruction of the homestead. 68
(c) Changes, additions, or improvements that replace all 69
or a portion of real property that was damaged or destroyed by 70
misfortune or calamity shall be assessed upon substantial 71
completion as if such damage or destruction had not occurred and 72
in accordance with paragraph (b) if the owner of such property: 73
1. Was permanently residing on such property when the 74
damage or destruction occurred; 75
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2. Was not entitled to receive homestead exemption on such 76
property as of January 1 of that year; and 77
3. Applies for and receives homestead exemption on such 78
property the following year. 79
(d) Changes, additions, or improvements include 80
improvements made to common areas or other improvements made to 81
property other than to the homestead property by the owner or by 82
an owner association, which improvements directly benefit the 83
homestead property. Such changes, additions, or improvements 84
shall be assessed at just value, and the just value shall be 85
apportioned among the parcels benefiting from the improvement. 86
Section 2. Subsection (3) of section 193.1554, Florida 87
Statutes, is amended, and subsection (6) of that section is 88
republished, to read: 89
193.1554 Assessment of nonhomestead residential property.— 90
(3)(a) Except as provided in paragraph (b), beginning in 91
the year following the year the nonhomestead residential 92
property becomes eligible for assessment pursuant to this 93
section, the property shall be reassessed annually on January 1. 94
Any change resulting from such reassessment may not exceed 10 95
percent of the assessed value of the property for the prior 96
year. 97
(b) Except for assessments described in subsection (6), 98
for all levies other than school district levies, the assessed 99
value of nonhomestead residential property may not increase if 100
HB 1413 2026
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the just value of the property is less than the just value of 101
the property on the preceding January 1. 102
(6)(a) Except as provided in paragraph (b) and s. 193.624, 103
changes, additions, or improvements to nonhomestead residential 104
property shall be assessed at just value as of the first January 105
1 after the changes, additions, or improvements are 106
substantially completed. 107
(b)1. Changes, additions, or improvements that replace all 108
or a portion of nonhomestead residential property, including 109
ancillary improvements, damaged or destroyed by misfortune or 110
calamity must be assessed upon substantial completion as 111
provided in this paragraph. Such assessment must be calculated 112
using the nonhomestead property's assessed value as of the 113
January 1 immediately before the date on which the damage or 114
destruction was sustained, subject to the assessment limitations 115
in subsections (3) and (4), when: 116
a. The square footage of the property as changed or 117
improved does not exceed 110 percent of the square footage of 118
the property before the damage or destruction; or 119
b. The total square footage of the property as changed or 120
improved does not exceed 1,500 square feet. 121
2. The property's assessed value must be increased by the 122
just value of that portion of the changed or improved property 123
which is in excess of 110 percent of the square footage of the 124
property before the damage or destruction or of that portion 125
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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
exceeding 1,500 square feet. 126
3. Property damaged or destroyed by misfortune or calamity 127
which, after being changed or improved, has a square footage of 128
less than 100 percent of the property's total square footage 129
before the damage or destruction shall be assessed pursuant to 130
subsection (8). 131
4. Changes, additions, or improvements assessed pursuant 132
to this paragraph shall be reassessed pursuant to subsection (3) 133
in subsequent years. This paragraph applies to changes, 134
additions, or improvements commenced within 3 years after the 135
January 1 following the damage or destruction of the property. 136
(c) Changes, additions, or improvements include 137
improvements made to common areas or other improvements made to 138
property other than to the nonhomestead residential property by 139
the owner or by an owner association, which improvements 140
directly benefit the property. Such changes, additions, or 141
improvements shall be assessed at just value, and the just value 142
shall be apportioned among the parcels benefiting from the 143
improvement. 144
Section 3. Subsection (3) of section 193.1555, Florida 145
Statutes, is amended, and subsection (6) of that section is 146
republished, to read: 147
193.1555 Assessment of certain residential and 148
nonresidential real property.— 149
(3)(a) Except as provided in paragraph (b), beginning in 150
HB 1413 2026
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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
the year following the year the property becomes eligible for 151
assessment pursuant to this section, the property shall be 152
reassessed annually on January 1. Any change resulting from such 153
reassessment may not exceed 10 percent of the assessed value of 154
the property for the prior year. 155
(b) Except for assessments described in subsection (6), 156
for all levies other than school district levies, the assessed 157
value of nonresidential real property may not increase if the 158
just value of the property is less than the just value of the 159
property on the preceding January 1. 160
(6)(a) Except as provided in paragraph (b), changes, 161
additions, or improvements to nonresidential real property shall 162
be assessed at just value as of the first January 1 after the 163
changes, additions, or improvements are substantially completed. 164
(b)1. Changes, additions, or improvements that replace all 165
or a portion of nonresidential real property, including 166
ancillary improvements, damaged or destroyed by misfortune or 167
calamity must be assessed upon substantial completion as 168
provided in this paragraph. Such assessment must be calculated 169
using the nonresidential real property's assessed value as of 170
the January 1 immediately before the date on which the damage or 171
destruction was sustained, subject to the assessment limitations 172
in subsections (3) and (4), when: 173
a. The square footage of the property as changed or 174
improved does not exceed 110 percent of the square footage of 175
HB 1413 2026
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the property before the damage or destruction; and 176
b. The changes, additions, or improvements do not change 177
the property's character or use. 178
2. The property's assessed value must be increased by the 179
just value of that portion of the changed or improved property 180
which is in excess of 110 percent of the square footage of the 181
property before the damage or destruction. 182
3. Property damaged or destroyed by misfortune or calamity 183
which, after being changed or improved, has a square footage of 184
less than 100 percent of the property's total square footage 185
before the damage or destruction shall be assessed pursuant to 186
subsection (8). 187
4. Changes, additions, or improvements assessed pursuant 188
to this paragraph must be reassessed pursuant to subsection (3) 189
in subsequent years. This paragraph applies to changes, 190
additions, or improvements commenced within 3 years after the 191
January 1 following the damage or destruction of the property. 192
Section 4. This act shall take effect on the effective 193
date of the amendment to the State Constitution proposed by HJR 194
1411 or a similar joint resolution having substantially the same 195
specified intent and purpose, if such amendment to the State 196
Constitution is approved at the next general election or at an 197
earlier special election specifically authorized by law for that 198
purpose. 199