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 defer payment of certain taxes on their homestead property, with the deferral applicable up to an assessed just value of $1 million. Additionally, it requires applicants who have waived their homestead tax 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. It increases the maximum amount of delinquent taxes that may not be sold at public auction or electronic sale from $250 to $500. These changes aim to provide financial relief to homeowners and streamline the process for managing delinquent taxes on homestead properties. The act is set to take effect on July 1, 2025.

Statutes affected:
S 882 Filed: 197.252, 197.432