Changes affect how much local governments can increase property tax rates and how they must report compliance, influencing local budgets and homeowners' taxes.
Revises definitions for maximum total county and municipal ad valorem taxes to reference amended millage calculation rules.
Makes the standard maximum millage the rolled-back rate adjusted for per-capita Florida personal income, unless a higher adopted rate applies.
Allows local millage rates to exceed their calculated maximum if total county or municipal ad valorem taxes remain within the defined maximum totals.
Updates certification requirements to the Department of Revenue to include rolled-back and maximum millage calculations and related documents.
No hearings or votes scheduled.