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 property tax assessment; amending s. 193.122, F.S.; modifying the timeframe for a property appraiser to file an appeal of a value adjustment board decision; amending s. 193.155, F.S.; revising the procedure for correcting erroneous homestead property tax assessments; providing applicability; establishing a new limitation on homestead tax assessments for property transferred from nonhomestead residential property to homestead property; requiring that the values of such homesteads be reassessed at a specified time; providing a limitation on such reassessment; amending s. 193.1554, F.S.; revising the procedure for correcting erroneous nonhomestead residential property tax assessments; providing applicability; establishing a new limitation on tax assessments for property transferred from homestead property to nonhomestead residential property; providing the procedure for calculating the assessed value of such property; providing applicability; amending s. 193.1555, F.S.; revising the procedure for correcting erroneous nonhomestead real property tax assessments; providing applicability; amending s. 194.032, F.S.; revising the purposes for which a value adjustment board may meet; amending s. 194.034, F.S.; authorizing a petitioner to request a hearing to contest whether a tangible personal property return was timely filed; amending s. 196.011, F.S.; specifying a property owner’s responsibility to pay unpaid taxes, penalties, or interests if certain exemptions are granted as the result of a property appraiser’s error; amending s. 196.041, F.S.; providing that certain households are entitled to the homestead tax exemption when the property or a portion of the property is rented if certain conditions are met; defining the term “rented”; amending s. 196.061, F.S.; conforming provisions to changes made by the act; providing an effective date.
AI Summary
This bill makes several changes to property tax assessment in Florida:
1. It modifies the timeframe for a property appraiser to file an appeal of a value adjustment board decision, allowing them to file before the tax roll is extended or within 30 days of the board's decision.
2. It revises the procedures for correcting erroneous homestead, nonhomestead residential, and nonhomestead real property tax assessments, including allowing the property appraiser to correct assessments for unlawful construction without a permit.
3. It establishes a new limitation on the assessment of homestead property transferred from nonhomestead property, requiring the assessed value to be capped at the prior year's assessed value plus up to a 10% increase.
4. It authorizes a petitioner to request a hearing to contest whether a tangible personal property return was timely filed before contesting the assessment.
5. It provides that households meeting certain income requirements are entitled to the homestead exemption even if the property or a portion of it is rented.
The bill is intended to address various issues related to property tax assessment and appeals in Florida.
Sponsors (1)
Last Action
Died in Community Affairs (on 03/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2024/378 |
| BillText | https://www.flsenate.gov/Session/Bill/2024/378/BillText/Filed/HTML |
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