S0886 — Valuation of Timeshare Units

Senate Bill 886 (filed December 12, 2023) proposed to specify the methodology for valuing certain timeshare units in tax appeals and to provide that such methodology meets constitutional just-valuation requirements.

The bill would have established a defined valuation methodology applicable to timeshare units subject to tax appeal proceedings. The bill stated that the prescribed methodology would satisfy the constitutional mandate for just valuation of property.

Timeshare units subject to tax appeals in Florida.

Died in Appropriations Committee on March 8, 2024; did not become law.