HB 471 2024
CODING: Words stricken are deletions; words underlined are additions.
hb0471-00
Page 1 of 2
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
authorizing a taxpayer to submit certain information 7
for a specified purpose; providing an effective date. 8
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Be It Enacted by the Legislature of the State of Florida: 10
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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 that are 17
part of a timeshare development with more than 300 timeshare 18
units, if the taxpayer asserts that there are an adequate number 19
of resales to provide a basis for arriving at value conclusions, 20
the number of resales shall be considered adequate when a 21
reasonable number of resales of timeshare units within the same 22
timeshare development are provided by the taxpayer and supported 23
by the most recent standards adopted by the Uniform Standards of 24
Professional Appraisal Practice. This methodology meets the 25
HB 471 2024
CODING: Words stricken are deletions; words underlined are additions.
hb0471-00
Page 2 of 2
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
requirement of just valuation of all real estate located in this 26
state, including timeshare units, as recognized by and provided 27
in s. 4, Art. VII of the State Constitution. The taxpayer may 28
submit the known and c ontrolling resales of the properties sold 29
to assist in arriving at value conclusions. 30
Section 2. This act shall take effect July 1, 2024. 31