Senate Bill sb0158

    Florida Senate - 2007        (corrected copy)           SB 158

    By Senator Geller





    31-225-07

  1                      A bill to be entitled

  2         An act relating to the assessment of homestead

  3         property; amending s. 193.155, F.S.; providing

  4         that certain changes made to homestead property

  5         for purposes of disaster preparedness do not

  6         increase the assessed value of the property;

  7         providing an effective date.

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  9  Be It Enacted by the Legislature of the State of Florida:

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11         Section 1.  Paragraph (a) of subsection (4) of section

12  193.155, Florida Statutes, is amended to read:

13         193.155  Homestead assessments.--Homestead property

14  shall be assessed at just value as of January 1, 1994.

15  Property receiving the homestead exemption after January 1,

16  1994, shall be assessed at just value as of January 1 of the

17  year in which the property receives the exemption.

18         (4)(a)  Except as provided in paragraph (b), changes,

19  additions, or improvements to homestead property, except the

20  addition of storm shutters, impact-resistant glazing,

21  hurricane clips and straps, or generators for purposes of

22  disaster preparedness, shall be assessed at just value as of

23  the first January 1 after the changes, additions, or

24  improvements are substantially completed. The addition of

25  storm shutters, impact-resistant glazing, hurricane clips and

26  straps, or generators for purposes of disaster preparedness

27  shall not increase the assessed value of homestead property.

28         Section 2.  This act shall take effect January 1, 2008.

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    Florida Senate - 2007        (corrected copy)           SB 158
    31-225-07




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 2                          SENATE SUMMARY

 3    Provides that certain changes made to homestead property
      for purposes of disaster preparedness do not increase the
 4    assessed value of the property.

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CODING: Words stricken are deletions; words underlined are additions.