FL S0972

Establishes June 1 deadline for value adjustment boards to hear all petitions and issue second tax roll certification, extendable to December 1 if petitions increase more than 10 percent over prior year, effective July 1, 2017.

Changes interest rate on unpaid and overpaid ad valorem taxes from fixed 12 percent annually to the bank prime loan rate as published by the Federal Reserve Board on July 1 each year.

Requires written authorization from taxpayer for representation before value adjustment board and specifies authorized representatives as attorneys, real estate appraisers, brokers, certified public accountants, corporate representatives, or individuals with power of attorney receiving no compensation.

Allows petitioner or property appraiser to reschedule hearing once for good cause, with property appraiser notifying petitioner online if property record card is available online rather than providing a copy.

Authorizes district school board and county commission to audit value adjustment board expenses and revises definition of "common element" for tax purposes to include property used for at least 10 years exclusively for subdivision lot owner benefit.