summary
Introduced
11/08/2023
11/08/2023
In Committee
11/15/2023
11/15/2023
Crossed Over
Passed
Dead
03/08/2024
03/08/2024
Introduced Session
2024 Regular Session
Bill Summary
An act relating to disclosure of estimated ad valorem taxes; amending s. 689.261, F.S.; defining the term “listing platform”; requiring that certain listings to include estimated ad valorem taxes; prohibiting the current owner’s ad valorem taxes from being displayed or used for certain purposes; providing requirements for listing platforms, the Department of Revenue, and property appraisers; providing construction; prohibiting certain materials from including specified information; requiring, beginning on a specified date, the department to annually publish a formula and certain information on its website; authorizing the department to adopt rules; providing an effective date.
AI Summary
This bill amends Florida's existing law on disclosure of ad valorem (property) taxes to prospective home buyers. It defines "listing platform" as any public-facing online real estate listing platform, and requires that such platforms display the estimated ad valorem taxes for each residential property, calculated using a formula and data provided annually by the Florida Department of Revenue. The bill prohibits listing platforms from displaying the current owner's ad valorem taxes, and requires them to include disclaimers about potential variations in millage rates and other tax benefits. The bill also allows printed listing materials to comply by not displaying the seller's ad valorem taxes. The Department of Revenue is required to develop and publish the formula and data for estimating ad valorem taxes starting in December 2024, and is authorized to adopt rules to implement this provision.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died in Finance and Tax (on 03/08/2024)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Consumer Safety and Consumer Fraud
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2024/380 | 11/08/2023 |
| Analysis - Community Affairs (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/380/Analyses/2024s00380.ca.PDF | 01/10/2024 |
| Analysis - Community Affairs (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/380/Analyses/2024s00380.pre.ca.PDF | 01/08/2024 |
| BillText | https://www.flsenate.gov/Session/Bill/2024/380/BillText/Filed/HTML | 11/08/2023 |
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