HB 0041A

1	A bill to be entitled
2	An act relating to ad valorem property tax relief;
3	providing eligibility for ad valorem property tax
4	reductions for certain property under certain
5	circumstances; requiring application for the reduction;
6	providing duties of property appraisers; providing a
7	methodology for determining extent of damage; providing
8	for reducing ad valorem taxes on certain property under
9	certain circumstances; providing for retroactive
10	operation; providing an effective date.
11
12	Be It Enacted by the Legislature of the State of Florida:
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14	Section 1.  (1)  Notwithstanding any other provision of law
15	relating to ad valorem taxation of real property, any owner of
16	real property which was damaged due to a hurricane shall be
17	eligible to have the ad valorem taxes for such property for the
18	year in which the damage occurred and subsequent years reduced
19	by the same percentage as the extent of the damage for the
20	portion of the year or years from the date of such damage until
21	the damage is repaired.
22	(2)  An owner of such real property must apply to the
23	property appraiser, in a form and manner as prescribed by the
24	property appraiser, for a reduction in ad valorem taxes on such
25	property as provided under this section.
26	(3)  A property appraiser shall make a determination of
27	extent of damage for any property subject to a potential
28	reduction in ad valorem taxes under this section based upon an
29	insurance adjuster's estimated cost to repair the damage
30	compared to the estimated appraised value of such property
31	immediately preceding the occurrence of the damage. Upon making
32	a determination of extent of damage to such property, the
33	property appraiser shall reduce the ad valorem taxes on such
34	property as provided in this section.
35	Section 2.  This act shall take effect upon becoming a law
36	and shall operate retroactively to January 1, 2004.

CODING: Words stricken are deletions; words underlined are additions.