Florida S1212 clarifies that certain transfers of homestead property by inheritance do not constitute a change of ownership for tax assessment.

Florida S1212 amends the definition of "change of ownership" for homestead property to exclude certain transfers by inheritance. Specifically, it ensures that transfers due to the death of an owner, transfers between spouses, and transfers to surviving spouses or minor children do not trigger reassessment for property tax purposes. This applies when the surviving owner continues to be entitled to the homestead exemption. The bill also specifies that transfers by operation of law, such as those to surviving spouses or children, are not considered changes of ownership.

Florida S1212 clarifies that certain transfers of homestead property by inheritance do not constitute a change of ownership for tax assessment.

Florida S1212 amends the definition of "change of ownership" for homestead property to exclude certain transfers by inheritance. Specifically, it ensures that transfers due to the death of an owner, transfers between spouses, and transfers to surviving spouses or minor children do not trigger reassessment for property tax purposes. This applies when the surviving owner continues to be entitled to the homestead exemption. The bill also specifies that transfers by operation of law, such as those to surviving spouses or children, are not considered changes of ownership.