Bill > S0882

This bill modifies two sections of Florida law related to homestead property taxes, specifically addressing tax deferral and tax certificate sales. First, the bill expands the existing homestead tax deferral program by allowing property owners to defer taxes on homestead property up to an assessed just value of $1 million, with some minor language updates requiring taxpayers without an active homestead exemption to obtain a certificate of eligibility from their county property appraiser. Second, the bill increases the threshold for tax certificates representing delinquent taxes on homestead properties from $250 to $500, meaning that tax certificates below this amount cannot be sold at public auction and must instead be issued to the county at the maximum allowable interest rate. These changes aim to provide additional financial flexibility for homeowners by making it easier to defer taxes and protecting homeowners from smaller tax certificate sales. The bill is set to take effect on July 1, 2025, giving local governments and property appraisers time to prepare for the implementation of these changes.

https://www.flsenate.gov/Session/Bill/2025/882