summary
Introduced
02/25/2025
02/25/2025
In Committee
03/02/2025
03/02/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
An act relating to disclosure of estimated ad valorem taxes; amending s. 689.261, F.S.; defining the terms "listing platform" and "property"; requiring certain listings to include estimated ad valorem taxes; prohibiting the current owner's ad valorem taxes from being displayed or used for certain purposes; providing an exception; providing requirements for listing platforms, the Department of Revenue, and property appraisers; providing protection from liability for specified parties who take certain actions; providing construction; prohibiting certain materials from including specified information; requiring, beginning on a specified date, the department to annually publish a formula and certain information on its website; authorizing the department to adopt rules; providing an effective date.
AI Summary
This bill requires online real estate listing platforms to include estimated ad valorem taxes (property taxes) when advertising residential properties in Florida. The bill defines a "listing platform" as any public-facing online property listing website or application and "property" as residential real estate within the state. Listing platforms must calculate and display estimated property taxes based on the current listing price and millage rates, with a clear disclaimer that the estimate may not be exact and does not include all potential tax benefits or assessments. Importantly, the bill prohibits displaying the current owner's actual property tax amount and instead mandates the use of a standardized estimation method. The Department of Revenue will be responsible for developing an annual formula for calculating these tax estimates and will require property appraisers to provide necessary tax rate information. Listing platforms will be protected from liability for tax estimate accuracy if they follow the prescribed guidelines. Starting January 1, 2026, online property listings must comply with these new disclosure requirements, aiming to provide potential buyers with more transparent and standardized tax information when considering a property purchase.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Indefinitely postponed and withdrawn from consideration (on 05/03/2025)
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/2025/1037 |
| BillText | https://www.flsenate.gov/Session/Bill/2025/1037/BillText/Filed/PDF |
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