The joint committee is hereby directed to study during the calendar years 1983 and 1984, any and all matters upon which legislation is required by the property tax limitation and homestead exemption amendment of 1982 and any matters upon which, in the joint committee's judgment legislation may become necessary with respect thereto, including a study of the desirability of this state converting, for purposes of determining the property subject to ad valorem property taxation, to an averaged annual value method or pro rata value method as opposed to a tax-status-day value method. The committee shall report to the Legislature any recommendations which it may deem proper, along with legislation to effectuate those recommendations.