Notice of Proposed Rule
Department: Department of Revenue
Division: Property Tax Oversight Program
Rule No.: 12D-8.0065
Purpose: The purpose of the proposed amendment to Rule 12D-8.0065(2)(a)1., F.A.C., is necessary to reflect amendments to subsection 193.155(8), F.S., as amended by Chapter 2020-175, L.O.F.
F.S. 193.155(8) -- (8) Property assessed under this section shall be assessed at less than just value when the person who establishes a new homestead has received a homestead exemption as of January 1 of any of the 3 immediately preceding years. For purposes of this subsection, a husband and wife who owned and both permanently resided on a previous homestead shall each be considered to have received the homestead exemption even though only the husband or the wife applied for the homestead exemption on the previous homestead.
The assessed value of the newly established homestead shall be determined as provided in this subsection.