Florida League of Cities

Implementing Bills: Additional Homestead Property Tax Exemption (Oppose) – PASSED

CS/CS/HB 1563 (Tomkow) creates an additional homestead exemption for certain public employees if CS/CS/HJR 1 is approved by the voters at the 2022 general election. The bill provides for an additional homestead exemption up to $50,000 on the assessed value greater than $100,000 and up to $150,000 for properties owned by a classroom teacher, a law enforcement officer, a correctional officer, a firefighter, an emergency medical technician, a paramedic, a child welfare service provider, an active-duty member of the United States Armed Services or a member of the Florida National Guard. A homestead property owner that qualifies for this exemption must be employed in a full-time position on January 1 and must annually submit an application, including proof of employment, to the property appraiser. The additional homestead exemption only applies to non-school property taxes. The additional homestead exemption first applies to the 2023 tax roll. The bill directs the Legislature to appropriate funds to offset reductions of ad valorem revenues in fiscally constrained counties attributable to the reduction in property tax base caused by the additional homestead exemption. CS/CS/HB 1563 passed the House (115-0) and the Senate (37-1) and is awaiting action by the Governor. (Hughes)