Florida H0957 amends tax laws to allow homestead property owners to defer taxes and restricts the sale of tax certificates for certain properties.

Florida H0957 amends the state's tax laws to allow property owners who qualify for a homestead tax exemption on properties valued at $1 million or less to defer payment of a portion of their taxes. It also increases the minimum value of a tax certificate that can be sold at public auction or by electronic sale from $500 to $250. This change applies to properties that have been granted a homestead exemption for the year in which the delinquent taxes were assessed. The act is set to take effect on July 1, 2026.

Florida H0957 amends tax laws to allow homestead property owners to defer taxes and restricts the sale of tax certificates for certain properties.

Florida H0957 amends the state's tax laws to allow property owners who qualify for a homestead tax exemption on properties valued at $1 million or less to defer payment of a portion of their taxes. It also increases the minimum value of a tax certificate that can be sold at public auction or by electronic sale from $500 to $250. This change applies to properties that have been granted a homestead exemption for the year in which the delinquent taxes were assessed. The act is set to take effect on July 1, 2026.