HB 105

1	A bill to be entitled
2	An act relating to homestead assessments; amending s.
3	193.155, F.S.; providing for a decrease or no change in
4	the assessed value of homestead property under certain
5	circumstances; providing for retroactive operation;
6	providing an 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 to read:
12	193.155  Homestead assessments.--Homestead property shall
13	be assessed at just value as of January 1, 1994. Property
14	receiving the homestead exemption after January 1, 1994, shall
15	be assessed at just value as of January 1 of the year in which
16	the property receives the exemption unless the provisions of
17	subsection (8) apply.
18	(1)(a)  Beginning in 1995, or the year following the year
19	the property receives homestead exemption, whichever is later,
20	the property shall be reassessed annually on January 1. Any
21	change resulting from such reassessment shall not exceed the
22	lower of the following:
23	1.(a)  Three percent of the assessed value of the property
24	for the prior year; or
25	2.(b)  The percentage change in the Consumer Price Index
26	for All Urban Consumers, U.S. City Average, all items 1967=100,
27	or successor reports for the preceding calendar year as
28	initially reported by the United States Department of Labor,
29	Bureau of Labor Statistics.
30	(b)  If the just value of the property has decreased from
31	the prior year, the assessed value of the property shall be
32	decreased by the same percentage decrease in just value. If
33	there is no change in the just value of the property from the
34	prior year, there shall be no change in the assessed value of
35	the property.
36	Section 2.  This act shall take effect July 1, 2009, and
37	shall operate retroactively to January 1, 2009.

CODING: Words stricken are deletions; words underlined are additions.