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HJR 1411

Assessment of Property with Decreasing Just Valuation

2026 Regular Session Introduced by Christine Hunschofsky and 1 co-sponsor

Florida constitutional amendment allowing homeowners to request downward property tax reassessments when just value decreases, offsetting the upward-only 3% cap system.

Died in Ways & Means Committee
#constitutionalamendments #(adopted)
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Bill Summary · HJR 1411

Legislative bill overview

HJR 1411 proposes a constitutional amendment allowing Florida property owners to request reassessment of their property's just value when that value has decreased from the previous year. Currently, Florida's "Save Our Homes" amendment caps annual assessment increases at 3%, but this bill would create a mechanism for downward adjustments when market conditions warrant. The amendment would require legislative implementation through enabling statutes.

Why is this important

Property tax assessments directly affect homeowner costs and local government revenues. This bill addresses an asymmetry in Florida's current system where assessments can only move up (capped at 3%) but cannot move down, meaning homeowners may pay taxes based on inflated values during market downturns. This becomes particularly relevant during economic recessions or housing market declines when property values drop significantly.

Potential points of contention

  • Revenue impact on local governments: School districts, municipalities, and counties rely on property tax revenue for budgets. Allowing downward reassessments could reduce funding during economic downturns when local services are often most needed.
  • Administrative burden and costs: Creating a formal reassessment process requires resources for tax assessors to review claims, potentially increasing government expenses and processing delays.
  • Equity concerns: Homeowners aware of the process may benefit disproportionately compared to those unfamiliar with reassessment procedures, potentially creating disparities based on property owner sophistication.

Compiled from official sources — confirm details with the bill’s official record.

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