Bill > H0761

This bill makes two key changes to Florida tax laws: First, it limits the homestead tax deferral option to properties with a just value of $1 million or less, which means homeowners with more expensive properties will no longer be able to defer a portion of their property taxes and associated interest. Second, it increases the minimum value of a tax certificate that can be sold at public auction or electronically from $250 to $500, which means smaller tax delinquencies on homestead properties will now be handled differently, with the tax collector issuing these smaller certificates directly to the county at the maximum allowable interest rate instead of selling them. The bill is designed to adjust tax collection procedures and property tax relief mechanisms, with these changes set to take effect on July 1, 2025. The modifications aim to streamline tax collection processes and potentially limit tax deferral benefits for higher-value properties.

Budget and Finance, Government Affairs

https://www.flsenate.gov/Session/Bill/2025/761