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FL H0295
Bill
Status
Failed
3/8/2024
Primary Sponsor
Ways & Means Committee
Click for details
AI Summary
- All residential property listings on public-facing online platforms (websites, web apps, mobile apps) in Florida must display estimated ad valorem taxes for the property, effective January 1, 2025.
- The current owner's ad valorem taxes may not be displayed or used to calculate the estimate, except as historical tax information on platforms that already included such data as of January 1, 2024, and only if displayed less prominently than the new estimate.
- Listing platforms using a tax estimator or buyer payment calculator must base estimates on the listing price at current millage rates using a formula published by the Department of Revenue, and must include a disclaimer that millage rates may vary and that exemptions, non-ad valorem assessments, and other tax benefits are not reflected.
- The current owner's ad valorem taxes are prohibited from being included in printed listing materials or social media posts for properties listed for sale.
- Beginning December 15, 2024, the Department of Revenue must annually publish the estimation formula and supporting data (county name, tax district code, school millage rate, summary millage rates) on its website, and listing platforms and real estate licensees are shielded from liability for the accuracy of estimates made in compliance with these requirements.
Legislative Description
Disclosure of Estimated Ad Valorem Taxes
Last Action
Died in Commerce Committee
3/8/2024
Committee Referrals
Commerce Committee2/16/2024
Ways and Means Committee1/24/2024
Regulatory Reform & Economic Development Subcommittee11/13/2023
Full Bill Text
No bill text available