Push for constitutional amendment to change increases in homestead assessments

A Miami legislator has proposed a constitutional amendment that would change how much a property’s assessed value can go up each year.

The amendment would cap the allowable increase in the assessment of a homestead property to 2%, down from the current 3%.

Rep. Juan Fernandez-Barquin, R-Miami-Dade, says the bill is aimed at tamping down on what homeowners have to pay in property taxes as home prices in the state continue to go up, raising costs for those whose assessments have gone up as well.