FL S1358

Adds new subsection (12) to section 192.037, Florida Statutes, establishing standards for adequate resales in timeshare property tax appeals.

Deems the number of resales adequate when a reasonable number supported by the Uniform Standards of Professional Appraisal Practice is provided by the taxpayer in tax appeals.

Specifies that this resale adequacy standard satisfies the constitutional requirement for just valuation of timeshare real property under Article VII, Section 4 of the Florida Constitution.

Applies the resales valuation standards to both fee and non-fee timeshare real property.

Effective date: July 1, 2021.