Revising How Homestead Property is Assessed

HJR 773 is a proposed constitutional amendment that would change how homestead property (primary residences) is assessed for taxation. It does not describe specific assessment methods or changes but seeks to amend the state constitution to revise the existing assessment framework. This proposal directly affects homeowners who qualify for homestead exemptions. As a constitutional amendment, it requires voter approval rather than a standard legislative vote. The official abstract provides no details on the specific changes to assessment formulas or exemptions.