Florida H1413 amends assessment rules for residential and nonresidential property damaged by misfortune or calamity.

Florida H1413 amends the assessment rules for residential and nonresidential property damaged by misfortune or calamity. It prohibits increases in certain assessed valuations if the just value of the property has decreased since the previous assessment. The bill applies to changes, additions, or improvements made to property within specific timeframes and square footage limits. It also specifies reassessment procedures for subsequent years. The changes take effect contingent on the approval of a related constitutional amendment.

Florida H1413 amends assessment rules for residential and nonresidential property damaged by misfortune or calamity.

Florida H1413 amends the assessment rules for residential and nonresidential property damaged by misfortune or calamity. It prohibits increases in certain assessed valuations if the just value of the property has decreased since the previous assessment. The bill applies to changes, additions, or improvements made to property within specific timeframes and square footage limits. It also specifies reassessment procedures for subsequent years. The changes take effect contingent on the approval of a related constitutional amendment.