CS for CS for SB 664 - Property Taxation

• Tolls statute of limitations for tax lien proceedings during intervening bankruptcy periods and allows ad valorem tax exemptions to be renewed for multiple 10-year periods by referendum.

• Creates new property tax deferral programs for homestead property, recreational/commercial working waterfront property, and affordable rental housing, with expanded application procedures and eligibility criteria.

• Revises tax certificate sale procedures to allow electronic bidding and proxy bidding, increases opening bid thresholds for homestead properties from $100 to $250, and establishes new county-held certificate purchase procedures.

• Amends tax deed application requirements to require notice of intent 30 days in advance, establishes maximum limits on liens that can survive tax deed issuance, and restricts circumstances under which tax deed sales can be canceled.

• Repeals numerous outdated tax deferral sections and makes technical corrections to cross-references, notice requirements, and fee structures throughout property tax collection procedures.