The bill amends Florida Statutes regarding deferred and unpaid taxes, specifically targeting homestead tax deferrals and the sale of tax certificates. It introduces a limitation on tax deferrals, stating that only properties with a just value of $1 million or less are eligible for the homestead tax exemption and subsequent deferral of ad valorem taxes. Additionally, the bill requires that applicants for the homestead tax exemption who have waived it must provide a certificate of eligibility from the county property appraiser.

Furthermore, the bill increases the minimum value of a tax certificate that can be sold at public auction or electronically from $250 to $500 for properties with a homestead exemption. This change aims to ensure that only tax certificates representing a more significant amount of delinquent taxes are sold, thereby streamlining the process and potentially reducing the burden on taxpayers. The act is set to take effect on July 1, 2025.

Statutes affected:
H 761 Filed: 197.252