Florida legislation · 2026 Regular Session
Florida S278: Limitation on the Assessed Value of New Homestead Property
Status: Failed, March 13, 2026
Proposing amendments to the State Constitution to limit the assessed value of new homestead property established after a change of ownership which had an assessed value of less than a certain amount to no more than 150 percent of the assessed value of the property for the preceding year for ad valorem taxation purposes and to provide an effective date, etc.
What the bill says
A joint resolution proposing an amendment to Section of Article VII and the creation of a new section in Article XII of the State Constitution to limit the assessed value of new homestead property established after a change of ownership which had an assessed value of less than a certain amount to no more than 150 percent of the assessed value of the property for the preceding year for ad valorem taxation purposes and to provide an effective date.
From the introduced text, October 23, 2025:
A joint resolution proposing an amendment to Section of Article VII and the creation of a new section in Article XII of the State Constitution to limit the assessed value of new homestead property established after a change of ownership which had an assessed value of less than a certain amount to no more than 150 percent of the assessed value of the property for the preceding year for ad valorem taxation purposes and to provide an effective date. Be It Resolved by the Legislature of the State of Florida: That the following amendment to Section 4 of Article VII and the creation of a new section in Article XII of the State Constitution are agreed to and shall be submitted to the electors of this state for approval or rejection at the next general election or at an earlier special election specifically authorized by law for that purpose: ARTICLE VII FINANCE AND TAXATION SECTION 4. Taxation; assessments.--By general law regulations shall be prescribed which shall secure a just valuation of all property for ad valorem taxation, provided: (a) Agricultural land, land producing high water recharge to Florida's aquifers, or land used exclusively for noncommercial recreational purposes may be classified by general law and assessed solely on the basis of character or use. (b) As provided by general law and …
Sponsors
- Bernard, Mack (D, SD-024) · primary sponsor
- Tuck, Kaylee (R, HD-083) · primary sponsor
Latest actions
- : Died in Finance and Tax
- : Introduced
- : Referred to Finance and Tax; Appropriations; Rules
- : Filed
Subjects: Appropriations, Rules, Finance and Tax, Finance and Tax, Rules, Appropriations
Common questions
- What is S278?
- S278 is a bill in the Florida Legislature (2026 Regular Session): Limitation on the Assessed Value of New Homestead Property.
- What does S278 do?
- In its own words: A joint resolution proposing an amendment to Section of Article VII and the creation of a new section in Article XII of the State Constitution to limit the assessed value of new homestead property established after a change of ownership which had an assessed value of less than a certain amount to no more than 150 percent of the assessed value of the property for the preceding year for ad valorem taxation purposes and to provide an effective date.
- What is the status of S278?
- Failed as of March 13, 2026. Latest action: Died in Finance and Tax (March 13, 2026).
- Who sponsored S278?
- Bernard, Mack (D, SD-024), with 1 co-sponsor.
- Where is the official record for S278?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/278
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.