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HB 775 Florida House · 2025 Regular Session

Assessment of Homestead Property

Summary
Assessment of Homestead Property; Revises method of homestead property assessment; requires assessment be at most recent purchase price or, in case of new construction, cost of construction; requires reassessment to be prior assessed value or specified calculation; requires changes, additions, & improvements be assessed in certain manner; authorizes Department of Revenue to create grant program for certain purpose.
Issues: ✓ Budget & TaxesSupports Budget & TaxesThe bill revises property assessment methods, directly impacting property tax revenue and fiscal management. It also authorizes a new grant program, which involves government spending.95% confidence ✓ HousingSupports HousingThe bill revises homestead property assessment, requiring reassessment based on prior value or specific calculation, which likely stabilizes property taxes for homeowners, supporting affordability and property rights.75% confidence
Bill status died 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2025 Last action Jun 16, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
8
Key actions
1
Committee
4
Feb 26, 2025
Lower · Passed
Now in Ways & Means Committee
lower
Feb 26, 2025
Committee
Referred to State Affairs Committee
lower
Feb 26, 2025
Committee
Referred to Intergovernmental Affairs Subcommittee
lower
Feb 26, 2025
Committee
Referred to Ways & Means Committee
lower
2 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
FB
Fabián Basabe
RRepublican
FL
106
P
Photo of Kevin Steele
Kevin Steele
RRepublican
FL
55
Co
Photo of Mike Caruso
Mike Caruso
RRepublican
FL
87