FL S0272

Creates s. 193.1553, F.S., establishing a process for property appraisers to reduce assessed values of residential properties rendered uninhabitable by natural disasters (earthquake, fire, flood, hurricane, sinkhole, or tornado).

Requires property owners to file applications with the property appraiser within one year of the disaster or by March 1 of the following year, including property identification, disaster type, damage date, and months of uninhabitability verified under oath.

Directs property appraisers to calculate uninhabitability using full-month increments (16+ days = 1 month) and submit written statements to tax collectors detailing assessed values before and after damage and the reduction amount.

Requires tax collectors to reduce property taxes based on the appraiser's statement and notify the Department of Revenue and county commissioners by May 1 each year of total tax reductions.

Applies retroactively to properties damaged in 2016, requiring applications by March 1, 2018, with tax reductions effective for the 2018 tax year.