FL S1386

Creates section 193.0237 to establish rules for assessing "multiple parcel buildings" (buildings with separate vertically-stacked parcels on the same land), prohibiting separate ad valorem taxes or assessments on the underlying land.

Requires property appraisers to allocate land value among all parcels in a multiple parcel building either using a method specified in recorded instruments or proportionally based on the assessed value of improvements in each parcel.

Allows condominiums, timeshares, or cooperatives to be created within parcels in multiple parcel buildings, with further allocation of land value to individual units according to existing statute requirements.

Mandates separate tax folio numbers for each parcel in a multiple parcel building, except where condominium or cooperative units require individual folio numbers instead.

Amends sections 197.572 and 197.573 to ensure easements for support of improvements and recorded instrument provisions survive tax sales and deeds, maintaining enforceability against subsequent owners.

Applies to assessments beginning in the 2019 calendar year for buildings substantially completed by January 1 of the respective assessment year.