FL S1378

Allows landowners to covenant lands for conservation, outdoor recreational, or park purposes and have them assessed at present-use value (restricted value) rather than market value for ad valorem taxation.

Requires covenants to be notarized and include specific information: property identification, allowable uses, covenant period, party responsibilities, breach penalties, notice that covenant runs with the land, and signatures of all parties.

Directs the Department of Revenue to work with the Board of Trustees of the Internal Improvement Trust Fund, local governments, and conservation organizations to develop a standard covenant form (voluntary to use).

Exempts existing covenants from the new requirements in subsection (8) and applies the act retroactively to January 1, 2010.

Requires property appraiser reporting on conservation-assessed properties and establishes a $15 filing fee for late applications for assessment reviewed by the value adjustment board.