Bill > H1041

This bill modifies Florida's homestead property assessment law to provide specific guidelines for assessing properties that have been elevated, primarily in response to flood risks. The bill defines "elevation" as raising a homestead property to meet National Flood Insurance Program or Florida Building Code requirements, or to mitigate previous flood damage. Under the new provisions, homeowners who elevate their properties can have their property assessed using the property's value before elevation, as long as the new square footage does not exceed 110% of the original size or 2,000 square feet. Property appraisers can require evidence like elevation certificates to verify compliance. The bill allows for special assessment calculations for properties damaged by misfortune or calamity and requires that elevated homes meet federal and state building and elevation requirements. The provisions apply to homestead properties where elevation work begins on or after January 1, 2027, and are designed to help homeowners protect their properties from flood damage without significantly increasing their property tax assessment. The bill's implementation is contingent on the approval of a related constitutional amendment.

Budget and Finance, Government Affairs

Ways & Means Committee (H)

https://www.flsenate.gov/Session/Bill/2025/1041