FL S0928

Amends the factors property appraisers must consider when determining just valuation to include open market transactions, distress sales, short sales, bank sales, and public auction sales between unrelated parties in good faith.

Requires property appraisers to exercise discretion when using all open market transactions and only apply them if they constitute a sufficient number to affect market value within a specific geographical area.

Expands the definition of transactions at arm's length to explicitly include various types of sales that may occur during market downturns or financial distress.

Takes effect upon becoming law and applies retroactively to January 1, 2012.