FL S0568

Creates section 197.319, Florida Statutes, establishing a tax abatement program for residential dwellings rendered uninhabitable by catastrophic events (sudden, unanticipated natural or man-made events).

Property owners with uninhabitable dwellings for at least 30 days must file applications with the property appraiser between 30 days after the event and March 1 of the following tax year to receive abatement of taxes originally levied in the year the catastrophic event occurred.

Tax abatement amount equals the damage differential (percent change in property value multiplied by the ratio of days uninhabitable to 365) multiplied by timely paid taxes originally levied in the catastrophic event year.

Allows late applications for abatement to be filed with the value adjustment board at any time during the tax year, subject to a $15 non-refundable filing fee and a requirement to demonstrate extenuating circumstances.

Requires tax collectors to annually notify the Department of Revenue and affected local government boards of total tax reductions granted under this abatement program; applies retroactively to January 1, 2021.