| 1 | A bill to be entitled |
| 2 | An act relating to homestead assessments; amending s. |
| 3 | 193.155, F.S.; revising criteria under which transfer of |
| 4 | homestead property is not considered a change of |
| 5 | ownership; providing an effective date. |
| 6 |
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| 7 | Be It Enacted by the Legislature of the State of Florida: |
| 8 |
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| 9 | Section 1. Subsection (3) of section 193.155, Florida |
| 10 | Statutes, is amended to read: |
| 11 | 193.155 Homestead assessments.--Homestead property shall |
| 12 | be assessed at just value as of January 1, 1994. Property |
| 13 | receiving the homestead exemption after January 1, 1994, shall |
| 14 | be assessed at just value as of January 1 of the year in which |
| 15 | the property receives the exemption unless the provisions of |
| 16 | subsection (8) apply. |
| 17 | (3) Except as provided in this subsection or subsection |
| 18 | (8), property assessed under this section shall be assessed at |
| 19 | just value as of January 1 of the year following a change of |
| 20 | ownership. Thereafter, the annual changes in the assessed value |
| 21 | of the property are subject to the limitations in subsections |
| 22 | (1) and (2). For the purpose of this section, a change of |
| 23 | ownership means any sale, foreclosure, or transfer of legal |
| 24 | title or beneficial title in equity to any person, except as |
| 25 | provided in this subsection. There is no change of ownership if: |
| 26 | (a) Subsequent to the change or transfer, the same person |
| 27 | is entitled to the homestead exemption as was previously |
| 28 | entitled and: |
| 29 | 1. The transfer of title is to correct an error; |
| 30 | 2. The transfer is between legal and equitable title; or |
| 31 | 3. The change or transfer is by means of an instrument in |
| 32 | which the owner is listed as both grantor and grantee of the |
| 33 | real property and one or more other individuals are additionally |
| 34 | named as grantee. However, if any individual who is additionally |
| 35 | named as a grantee applies for a homestead exemption on the |
| 36 | property, the application shall be considered a change of |
| 37 | ownership; |
| 38 | (b) The transfer is between husband and wife, including a |
| 39 | transfer to a surviving spouse or a transfer due to a |
| 40 | dissolution of marriage; |
| 41 | (c) The transfer occurs by operation of law under s. |
| 42 | 732.401 732.4015; or |
| 43 | (d) Upon the death of the owner, the transfer is between |
| 44 | the owner and another who is a permanent resident and is legally |
| 45 | or naturally dependent upon the owner; or |
| 46 | (e) Subsequent to the change or transfer, the transferor |
| 47 | or the transferor's spouse possesses legal or equitable title or |
| 48 | otherwise qualifies for the homestead exemption under s. |
| 49 | 196.031, so long as the transferor or the transferor's spouse |
| 50 | would meet the requirements of s. 196.031(1)(a) independently of |
| 51 | such transfer. |
| 52 | Section 2. This act shall take effect July 1, 2009. |