The bill introduces a new section, 193.6245, to the Florida Statutes, which defines "changes or improvements made to improve the property's resistance to wind damage" and establishes that any increase in the just value of residential property due to such changes or improvements will not be considered when determining the assessed value of the property. The bill specifies that this provision applies to improvements made on or after January 1, 2026. Additionally, it amends existing statutes, specifically sections 193.155 and 193.1554, to include exceptions for the assessment of both homestead and nonhomestead properties, ensuring that improvements related to wind resistance are not factored into their assessed values.

Furthermore, the amendments to sections 193.155 and 193.1554 clarify that changes, additions, or improvements to homestead and nonhomestead residential properties will be assessed at just value as of the first January 1 after the improvements are substantially completed, with the new exceptions for wind resistance improvements noted. The bill is set to take effect on July 1, 2025.

Statutes affected:
H 1339 c1: 193.155, 193.1554