FL H1007

Amends section 192.037 of Florida Statutes to establish methodology for valuing timeshare units in tax appeals.

Specifies that a reasonable number of resales supported by the most recent Uniform Standards of Professional Appraisal Practice standards constitutes an adequate basis for timeshare unit valuations.

Declares that this valuation methodology meets the constitutional requirement for just valuation under Article VII, Section 4 of the Florida Constitution.

Renumbers existing subsection (12) to subsection (13) of section 192.037 to insert the new valuation standards as subsection (12).

Takes effect July 1, 2021.