FL S1710

Maintenance or repair of homestead property, including roof or window replacement, would not be considered a change, addition, or improvement, preventing reassessment at just value after such work is completed

Replaces the fixed 15% per annum interest rate on unlawfully claimed homestead exemptions with a variable rate tied to the rate set forth in s. 213.235, Florida Statutes

Replaces the flat 50% penalty on unpaid taxes from improper homestead exemptions with a penalty of three times the interest rate under s. 213.235, capped at 50% of unpaid taxes for each year

Applies the revised interest and penalty structure consistently across three sections of law: general exemption failures (s. 196.011), the additional exemption for persons 65 and older (s. 196.075), and exemptions improperly claimed by non-permanent residents (s. 196.161)

Effective date is July 1, 2024