2024-16 Property Tax Oversight BulletinProperty Tax Oversight Informational Bulletin
Homestead Exemption on Damaged or
Destroyed Property
June 17, 2024
PTO 24-16
Effective July 1, 2024, section 10 of Chapter 2024-158, Laws of Florida (HB 7073) first applies
to the 2025 property tax roll and amends subsection 196.031(7), F.S. to expand the time frame
from three years to five years from the January 1 following a property’s damage or destruction,
that a property owner has to commence repair or rebuilding of the property, in order for the
property owner to continue to claim homestead exemption.
Questions
This bulletin is provided by the Department of Revenue for your general information. For
questions, please email DORPTO@floridarevenue.com.
Reference
The full text of the implementing law (chapter 2024-158, Laws of Florida) is available at
https://laws.flrules.org/2024/158.
Implementing Date
The implementing law is effective July 1, 2024, and first applies to the 2025 property tax roll.