Bill > H1229

This bill modifies the existing law regarding financing qualifying improvements to residential property by changing how non-ad valorem assessments are collected. Specifically, the bill removes previous provisions that allowed non-ad valorem assessments to be collected under section 197.3632 and eliminated early payment discounts. The bill also removes detailed administrative requirements related to notice and publication of these assessments, such as the need to provide intent resolutions and mailed notices to various government entities like the property appraiser, tax collector, and Department of Revenue. Instead, the bill stipulates that non-ad valorem assessments will be collected directly by the authorized program administrator. This change appears to streamline the assessment collection process for residential property improvement financing programs. The bill will take effect on July 1, 2025, giving local governments and program administrators time to adjust to the new collection method. A non-ad valorem assessment is a property-related fee that is not based on the property's assessed value, typically used to fund specific local improvements or services.

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https://www.flsenate.gov/Session/Bill/2025/1229