Florida Senate - 2021                                    SB 1358
       
       
        
       By Senator Gruters
       
       
       
       
       
       23-00872B-21                                          20211358__
    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 an effective date.
    8          
    9  Be It Enacted by the Legislature of the State of Florida:
   10  
   11         Section 1. Present subsection (12) of section 192.037,
   12  Florida Statutes, is redesignated as subsection (13) and
   13  amended, and a new subsection (12) is added to that section, to
   14  read:
   15         192.037 Fee timeshare real property; taxes and assessments;
   16  escrow.—
   17         (12) In all tax appeals regarding timeshare real property
   18  where the taxpayer asserts that there is an adequate number of
   19  resales to provide a basis for arriving at value conclusions,
   20  the number of resales is deemed to be adequate when a reasonable
   21  number of resales is provided by the taxpayer as supported by
   22  the Uniform Standards of Professional Appraisal Practice. This
   23  meets the requirement of just valuation of all property,
   24  including timeshare real property, as required under s. 4, Art.
   25  VII of the State Constitution.
   26         (13)(12) Subsections (10), and (11), and (12) apply to fee
   27  and non-fee timeshare real property.
   28         Section 2. This act shall take effect July 1, 2021.