Florida Senate - 2022 SB 1132 By Senator Gruters 23-00645B-22 20221132__ 1 A bill to be entitled 2 An act relating to valuation of timeshare real 3 property; amending s. 192.037, F.S.; providing a 4 condition for the adequacy of the number of resales 5 for the purposes of certain tax appeals; providing 6 that this condition meets the constitutional mandate 7 for just valuation; providing applicability; providing 8 an effective date. 9 10 Be It Enacted by the Legislature of the State of Florida: 11 12 Section 1.Present subsection (12) of section 192.037, 13 Florida Statutes, is redesignated as subsection (13) and 14 amended, and a new subsection (12) is added to that section, to 15 read: 16 192.037Fee timeshare real property; taxes and assessments; 17 escrow. 18 (12)In all tax appeals regarding timeshare real property 19 in which the taxpayer asserts that there is an adequate number 20 of resales to provide a basis for arriving at value conclusions, 21 the number of resales is deemed to be adequate when a reasonable 22 number of resales is provided by the taxpayer as supported by 23 the Uniform Standards of Professional Appraisal Practice. This 24 meets the requirement of just valuation of all property, 25 including timeshare real property, as required under s. 4, Art. 26 VII of the State Constitution. 27 (13)(12)Subsections (10), and (11), and (12) apply to fee 28 and non-fee timeshare real property. 29 Section 2.This act shall take effect July 1, 2022.