FL H0417

Reduces variance thresholds that allow property appraisers to appeal value adjustment board decisions from 25% to 15% for assessments of $50,000 or less.

Lowers variance threshold from 20% to 10% for assessments exceeding $50,000 but not exceeding $500,000.

Decreases variance threshold from 17.5% to 7.5% for assessments exceeding $500,000 but not exceeding $1 million.

Reduces variance threshold from 15% to 5% for assessments exceeding $1 million.

Takes effect July 1, 2022.