HB 801 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0801-00
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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
A bill to be entitled 1
An act relating to valuation of timeshare units; 2
amending s. 192.037, F.S.; specifying the methodology 3
by which certain timeshare units must be valued in 4
certain tax appeals; providing that the methodology 5
meets the constitutional mandate for just valuation; 6
providing an effective date. 7
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Be It Enacted by the Legislature of the State of Florida: 9
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Section 1. Subsection (12) of section 192.037, Florida 11
Statutes, is renumbered as subsection (13), and a new subsection 12
(12) is added to that section, to read: 13
192.037 Fee timeshare real property; taxes and 14
assessments; escrow. — 15
(12) In any tax appeal regarding a timeshare unit, if the 16
taxpayer asserts that ther e is an adequate number of resales to 17
provide a basis for arriving at value conclusions, the number of 18
resales shall be considered adequate if the taxpayer provides a 19
reasonable number of resales and such number is supported by the 20
most recent standards ad opted by the Uniform Standards of 21
Professional Appraisal Practice. This valuation methodology for 22
timeshare units meets the requirement of just valuation as 23
provided in s. 4, Art. VII of the State Constitution. 24
Section 2. This act shall take effect July 1, 2022. 25