| 1 | A bill to be entitled |
| 2 | An act relating to ad valorem taxation of golf course |
| 3 | property; creating s. 193.704, F.S.; providing for |
| 4 | application of a specific additional factor in arriving at |
| 5 | just valuation of golf course real property; specifying |
| 6 | limits in changing the assessed value of golf course |
| 7 | property under certain circumstances; providing a |
| 8 | limitation; requiring the Department of Revenue to adopt |
| 9 | rules providing for a uniform statewide methodology for |
| 10 | property appraisers to assess golf course property; |
| 11 | providing an effective date. |
| 12 |
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| 13 | Be It Enacted by the Legislature of the State of Florida: |
| 14 |
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| 15 | Section 1. Section 193.704, Florida Statutes, is created |
| 16 | to read: |
| 17 | 193.704 Golf course real property; effect of contiguous |
| 18 | homestead properties.--In arriving at just valuation, pursuant |
| 19 | to s. 193.011, of golf course real property, if property which |
| 20 | is assessed as homestead property, as provided under s. 6, Art. |
| 21 | VII of the State Constitution, is contiguous with at least 75 |
| 22 | percent of the boundary of the real property of the golf course, |
| 23 | the property appraiser shall apply the criteria and limitations |
| 24 | specified in s. 4(c)(1), Art. VII of the State Constitution in |
| 25 | making assessments and changes to assessments of value of the |
| 26 | golf course real property. Changes in ownership of such property |
| 27 | contiguous to the golf course shall not result in any change in |
| 28 | the assessed value of the golf course property in any year so |
| 29 | long as the 75-percent homestead criterion is maintained for the |
| 30 | entire year. Pursuant to chapter 195, the Department of Revenue |
| 31 | shall adopt rules providing for uniform statewide assessment |
| 32 | methodologies to be used by property appraisers in assessing |
| 33 | golf course real property. |
| 34 | Section 2. This act shall take effect January 1, 2005. |