Florida SB 1184: Closing the Gap Grant Program

Bill Text

1184 
Homestead Assessment Limitation Transfer 
2026-01-06T04:35:53Z 
Conforming provisions to align with the State Constitution, etc. 
Original Filed Version 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 1184 

 By Senator Rodriguez 

 40-00582-26 20261184__ 
 1 A bill to be entitled 
 2 An act relating to homestead assessment limitation 
 3 transfer; amending s. 193.155, F.S.; conforming 
 4 provisions to align with the State Constitution; 
 5 providing an effective date. 
 6 
 7 Be It Enacted by the Legislature of the State of Florida: 
 8 
 9 Section 1. Paragraphs (a) and (b) of subsection (8) of 
 10 section 193.155, Florida Statutes, are amended to read: 
 11 193.155 Homestead assessments.—Homestead property shall be 
 12 assessed at just value as of January 1, 1994. Property receiving 
 13 the homestead exemption after January 1, 1994, shall be assessed 
 14 at just value as of January 1 of the year in which the property 
 15 receives the exemption unless the provisions of subsection (8) 
 16 apply. 
 17 (8) Property assessed under this section shall be assessed 
 18 at less than just value when the person who establishes a new 
 19 homestead has received a homestead exemption as of January 1 of 
 20 any of the 3 immediately preceding years. For purposes of this 
 21 subsection, a husband and wife who owned and both permanently 
 22 resided on a previous homestead shall each be considered to have 
 23 received the homestead exemption even though only the husband or 
 24 the wife applied for the homestead exemption on the previous 
 25 homestead. The assessed value of the newly established homestead 
 26 shall be determined as provided in this subsection. 
 27 (a) If the just value of the new homestead as of January 1 
 28 is greater than or equal to the just value of the immediate 
 29 prior homestead as of January 1 of the year in which the 
 30 immediate prior homestead was abandoned, the assessed value of 
 31 the new homestead shall be the just value of the new homestead 
 32 minus an amount equal to the lesser of $500,000 or the 
 33 difference between the just value and the assessed value of the 
 34 immediate prior homestead as of January 1 of the year in which 
 35 the prior homestead was abandoned. Thereafter, the homestead 
 36 shall be assessed as provided in this section. 
 37 (b) If the just value of the new homestead as of January 1 
 38 is less than the just value of the immediate prior homestead as 
 39 of January 1 of the year in which the immediate prior homestead 
 40 was abandoned, the assessed value of the new homestead shall be 
 41 equal to the just value of the new homestead divided by the just 
 42 value of the immediate prior homestead and multiplied by the 
 43 assessed value of the immediate prior homestead. However, if the 
 44 difference between the just value of the new homestead and the 
 45 assessed value of the new homestead calculated pursuant to this 
 46 paragraph is greater than $500,000, the assessed value of the 
 47 new homestead shall be increased so that the difference between 
 48 the just value and the assessed value equals $500,000. 
 49 Thereafter, the homestead shall be assessed as provided in this 
 50 section. 
 51 Section 2. This act shall take effect July 1, 2026.