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Florida Senate - 2025 SB 1018 <br />By Senator Ingoglia <br />11-01515-25 20251018 <br />1 A bill to be entitled <br />2 An act relating to homestead exemptions; amending s. <br />3 196.031, F.S.; increasing the homestead tax exemption <br />4 amount for all levies, except for assessments for <br />5 special benefits; deleting homestead tax exemptions <br />6 for all levies other than school district levies; <br />7 providing a contingent effective date. <br />8 <br />9 Be It Enacted by the Legislature of the State of Florida: <br />10 <br />11 Section 1. Subsection (1) of section 196.031, Florida <br />12 Statutes, as amended by chapter 2024-261, Laws of Florida, is <br />13 amended to read: <br />14 196.031 Exemption of homesteads. - <br />15 (1)(a) A person who, on January 1, has the legal title or <br />16 beneficial title in equity to real property in this state and <br />17 who in good faith makes the property his or her permanent <br />18 residence or the permanent residence of another or others <br />19 legally or naturally dependent upon him or her, is entitled to <br />20 an exemption from all taxation, except for assessments for <br />21 special benefits, up to the assessed valuation of $75,000 <br />22 c`'� on the residence and contiguous real property, as <br />23 defined in s. 6, Art. VII of the State Constitution. Such title <br />24 may be held by the entireties, jointly, or in common with <br />25 others, and the exemption may be apportioned among such of the <br />26 owners as reside thereon, as their respective interests appear. <br />27 If only one of the owners of an estate held by the entireties or <br />28 held jointly with the right of survivorship resides on the <br />29 property, that owner is allowed an exemption of up to the <br />Page 1 of 3 <br />CODING: Words strieken are deletions; words underlined are additions. <br />172 <br />