This bill amends Florida Statutes regarding taxes on homestead property, specifically sections 197.252 and 197.432. It allows individuals eligible for the homestead tax exemption to apply for a deferral on a portion of their ad valorem taxes, non-ad valorem assessments, and interest on tax certificates for homestead properties valued up to $1 million. Additionally, it requires applicants who have waived their homestead exemption to provide a certificate of eligibility from the county property appraiser.

The bill also revises the threshold for tax certificates representing delinquent taxes on homestead properties that cannot be sold at public auction or electronically. The new threshold is set at $500, increased from the previous amount of $250. This change aims to protect homeowners from the sale of tax certificates for smaller amounts of delinquent taxes. The act is set to take effect on July 1, 2025.

Statutes affected:
S 882 Filed: 197.252, 197.432