Senate Bill sb1194er

    ENROLLED

    2005 Legislature                                CS for SB 1194



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  2         An act relating to homestead assessments;

  3         providing an exception to requirements to

  4         assess certain homestead property at just value

  5         under certain circumstances; providing

  6         limitations; providing an effective date.

  7  

  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Notwithstanding the provisions of section

11  193.155(4), Florida Statutes, the assessment at just value for

12  changes, additions, or improvements to homestead property

13  rendered uninhabitable in one or more of the named storms of

14  2004 shall be limited to the square footage exceeding 110

15  percent of the homestead property's total square footage.

16  Additionally, homes having square footage of 1,350 square feet

17  or less which were rendered uninhabitable may rebuild up to

18  1,500 total square feet and the increase in square footage

19  shall not be considered as a change, an addition, or an

20  improvement that is subject to assessment at just value. The

21  provisions of this section are limited to homestead properties

22  in which repairs are completed by January 1, 2008, and apply

23  retroactively to January 1, 2005.

24         Section 2.  This act shall take effect upon becoming a

25  law.

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