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FL H0251

Bill

Official Source

Status

Failed

3/9/2012

Primary Sponsor

Carlos Lopez-Cantera

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends section 193.011, Florida Statutes to revise factors property appraisers must consider when determining just valuation of property
  • Changes language from "a transaction" to "transactions" at arm's length to allow appraisers to consider multiple open market transactions between unrelated parties
  • Explicitly permits property appraisers to use distress sales, short sales, bank sales, and public auction sales when deriving property valuations
  • Requires appraisers to exercise discretion in using all open market transactions and only apply them if sufficient in number to affect market value within a specific geographical area
  • Takes effect upon becoming law and applies retroactively to January 1, 2012

Legislative Description

Property Assessments

Last Action

Died in Finance and Tax Committee

3/9/2012

Committee Referrals

Finance And Tax10/17/2011

Full Bill Text

No bill text available