Florida Bill HB 521 and SJR 532

The Florida State Senate recently passed two bills which have been supported by the Florida Association of Realtors.
HB 521, which has also passed the Florida State House, addresses the current problem that a homeowner has to prove that a county’s tax appraiser’s property tax assessment is incorrect. The homeowner usually was stonewalled in every effort to correct inaccurate valuation.
SJR 532 will limit increases in property tax assessments to 5% per year on all non-homesteaded properties. The bill also proposes an increased homestead exemption of up to $100,000 for first time home buyers.

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