FL S0880

Requires petitioners challenging assessed property value to pay 75 percent of ad valorem taxes before delinquency and all non-ad valorem assessments.

Requires petitioners challenging denial of classification, exemption, or assessment based on incomplete construction to pay all non-ad valorem assessments and the amount of tax they admit in good faith is owing before delinquency.

Imposes 10 percent annual penalty on admitted tax amounts if the value adjustment board determines the admission was not made in good faith and is grossly disproportionate to the actual tax due.

Requires unpaid taxes and overpayments to accrue interest at 12 percent per year from the delinquency date until paid or refunded.

Denies petitions by written decision by April 20 if required tax payments are not made timely, and provides 4 percent discount on corrected tax notices issued before delinquency from value adjustment board decisions.