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Timeshare Valuation (HB 451)

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0

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Florida

2023

Latest Action:

Updated:

Chamber:

This bill changes how timeshare prices are valued. Timeshare valuations are currently appraised by looking at the resale market to determine value. If no resales exist - they look at the original purchase price. The bill provides that upon an appeal of a property appraisers valuation of a timeshare, that if the taxpayer proves an adequate number of resales exist, then that evaluation should be used.

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