FL S1450

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

Requires that resales of timeshare units be considered adequate when a reasonable number are provided by the taxpayer and supported by the Uniform Standards of Professional Appraisal Practice.

Declares that this resale-based valuation methodology meets constitutional requirements for just valuation of real estate in Florida.

Takes effect July 1, 2023.