F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
HB 451 2023
1 A bill to be entitled
2 An act relating to valuation of timeshare units;
3 amending s. 192.037, F.S.; specifying the methodology
4 by which certain timeshare units must be valued in
5 certain tax appeals; providing that the methodology
6 meets the constitutional mandate for just valuation;
7 providing an effective date.
8
9 Be It Enacted by the Legislature of the State of Florida:
10
11 Section 1. Subsection (12) of section 192.037, Florida
12 Statutes, is renumbered as subsection (13), and a new subsection
13 (12) is added to that section to read:
14 192.037 Fee timeshare real property; taxes and
15 assessments; escrow.—
16 (12) In all tax appeals regarding timeshare units in which
17 the taxpayer asserts that there are an adequate number of
18 resales to provide a basis for arriving at value conclusions,
19 the number of resales shall be considered adequate when a
20 reasonable number of resales are provided by the taxpayer and
21 supported by the most recent standards adopted by the Uniform
22 Standards of Professional Appraisal Practice. This methodology
23 meets the requirement of just valuation of all real estate
24 located in this state, including timeshare units, as recognized
25 by and provided in s. 4, Art. VII of the State Constitution.
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
HB 451 2023
26 Section 2. This act shall take effect July 1, 2023.
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