Bill > S0474

This bill makes several revisions to property tax administration in Florida: It changes the timeframe under which property appraisers must file appeals of value adjustment board decisions, specifies when erroneous assessments of homestead property must be corrected, adds new types of appeals that value adjustment boards must hear, clarifies that changes in ownership or control that do not result in a cumulative transfer of more than 50% ownership are not considered a "change of ownership or control" for the purpose of assessments, and provides that taxpayers do not have to pay unpaid taxes, penalties, or interest if an assessment limitation is granted due to an error by the property appraiser. The bill also includes amendments intended to be remedial and clarifying in nature, and it takes effect on January 1, 2024.