Florida Senate - 2023 SB 974
By Senator Hooper
21-01213A-23 2023974__
1 A bill to be entitled
2 An act relating to disclosures of ad valorem taxes;
3 amending s. 689.261, F.S.; requiring online real
4 property listing platforms to include an ad valorem
5 tax estimator for online listings of residential
6 property; providing requirements for such tax
7 estimator and platforms; requiring property appraisers
8 to provide specified information relating to ad
9 valorem taxes to the Department of Revenue; requiring
10 the department to annually publish specified
11 information on its website by a specified date;
12 requiring online real property listing platforms to
13 use listing prices for purposes of the tax estimator;
14 providing that the use of specified information
15 constitutes a reasonable estimate of ad valorem taxes;
16 requiring online real property listing platforms to
17 provide a specified link on online listings; providing
18 an effective date.
19
20 Be It Enacted by the Legislature of the State of Florida:
21
22 Section 1. Subsection (3) is added to section 689.261,
23 Florida Statutes, to read:
24 689.261 Sale of residential property; disclosure of ad
25 valorem taxes to prospective purchaser.—
26 (3)(a) All online listings of residential property visible
27 on any public-facing online real property listing platform,
28 including, but not limited to, websites, web applications, or
29 mobile applications, must include an ad valorem tax estimator
30 tool that calculates the ad valorem tax that would be due if the
31 purchaser were taxed on the listing price of the property at
32 current millage rates. Any ad valorem tax calculated by the tax
33 estimator tool must be identified on the platform as a
34 purchaser’s property tax estimate and must specify that the
35 estimated taxes are as if the listing price were the taxable
36 value of the property on January 1 and do not represent actual
37 taxes due for the property. The platform must include an
38 explanation that the jurisdiction of applicable taxing
39 authorities may vary within a county and that the estimate does
40 not include all applicable non-ad valorem assessments or
41 exemptions, discounts, and other tax benefits, including, but
42 not limited to, portable homestead benefits under s. 4, Art. VII
43 of the State Constitution. The seller’s taxes may not be
44 displayed.
45 (b) Each property appraiser shall annually provide the
46 Department of Revenue with updated information needed to
47 calculate an estimate of ad valorem taxes, including, but not
48 limited to, the county name, the tax district code, the summary
49 school millage rate, and the summary millage rate for all other
50 applicable taxing authorities for the county. The department
51 shall publish such information on or before December 15 each
52 year along with the formula required to calculate an estimate of
53 ad valorem taxes, both with and without applying homestead
54 exemptions.
55 (c) Online real property listing platforms required to
56 provide a tax estimator tool under paragraph (a) must use the
57 listing price as the taxable value of the property for the
58 estimated ad valorem tax calculation. The use of data fields and
59 formulas provided by the department pursuant to paragraph (b)
60 and the listing price as the basis for an estimate constitute a
61 reasonable estimate of ad valorem taxes as of January 1 of the
62 tax year after the property is purchased.
63 (d) In addition to providing the tax estimator tool
64 required under paragraph (a), an online real property listing
65 platform must provide a link to the respective county property
66 appraiser office’s website for a more detailed property tax
67 estimate for the residential parcel.
68 Section 2. This act shall take effect July 1, 2023.