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Bill > S1176


FL S1176

Assessment of Property Used for Residential Purposes


summary

Introduced
02/25/2025
In Committee
03/03/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

An act relating to assessment of property used for residential purposes; creating s. 193.6245, F.S.; defining the term “changes or improvements made to improve the property’s resistance to wind damage”; prohibiting consideration of the increase in just value of a property attributable to changes or improvements made to improve the property’s resistance to wind damage in determinations of the assessed value of certain property; providing applicability; providing an effective date.

AI Summary

This bill creates a new section in Florida Statutes to incentivize property owners to make wind-resistant improvements to their residential properties by preventing such improvements from increasing their property's assessed value. Specifically, the bill defines "changes or improvements made to improve the property's resistance to wind damage" to include seven types of upgrades such as improving roof deck attachment, creating secondary water barriers, installing wind-resistant shingles, gable-end bracing, reinforcing roof-to-wall connections, installing storm shutters, and adding opening protections. Under this legislation, when assessing the value of residential real estate, property appraisers must not consider any increase in the property's just value that results from these wind-resistance upgrades. The law will apply to improvements made on or after January 1, 2026, and will take effect on July 1, 2025. By preventing these wind-mitigation improvements from triggering higher property assessments, the bill aims to encourage homeowners to make structural enhancements that can better protect their properties during hurricanes and severe storms, without facing potential financial penalties through increased property taxes.

Sponsors (1)

Last Action

Indefinitely postponed and withdrawn from consideration (on 05/03/2025)

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