Florida H0795 clarifies that certain transfers of homestead property by inheritance do not constitute a change in ownership for assessment purposes.

Florida H0795 amends the state statutes to specify that certain transfers of homestead property by inheritance are not considered changes in ownership for tax assessment purposes. This applies to transfers to surviving spouses, minor children, dependent permanent residents, and specific joint tenancy transfers. The bill also includes a contingent effective date tied to the approval of a related constitutional amendment.

Florida H0795 clarifies that certain transfers of homestead property by inheritance do not constitute a change in ownership for assessment purposes.

Florida H0795 amends the state statutes to specify that certain transfers of homestead property by inheritance are not considered changes in ownership for tax assessment purposes. This applies to transfers to surviving spouses, minor children, dependent permanent residents, and specific joint tenancy transfers. The bill also includes a contingent effective date tied to the approval of a related constitutional amendment.