2024-19 Property Tax Oversight BulletinProperty Tax Oversight Informational Bulletin
Offset of Reductions in Ad Valorem Tax Revenue
FLORIDa from Refunds Due to a Catastrophic Event
July 25, 2024
PTO 24-19
Effective upon becoming law, May 7, 2024, section 62 of Chapter 2024-158, Laws of Florida
(L.O.F.), appropriated $200,000 dollars for the fiscal year beginning October 1, 2024 -
September 30, 2025, from the General Revenue Fund to the Department of Revenue for
distribution to affected taxing jurisdictions in fiscally constrained counties, as defined in section
218.67(1), F.S. The funds are appropriated to offset reductions in ad valorem tax revenue
experienced by fiscally constrained counties due to taxpayer refunds made in accordance with
section 197.319, Florida Statutes (F.S.), for uninhabitable property caused by a catastrophic
event.
To participate in the distribution of the funds appropriation to offset the reductions in ad valorem
tax revenue, as provided in section 62 of Chapter 2024-158, L.O.F., taxing jurisdictions in
fiscally constrained counties must apply to the Department by October 1, 2024. The
Department created and made available for use application Form DR-5005, Application to
Offset Total Reductions in Ad Valorem Tax Revenue From Refunds Due to a Catastrophic
Event. The application should be submitted along with documentation supporting the taxing
jurisdiction's reduction in ad valorem tax revenue. The requested documentation is a copy of the
Form DR-522, Report of Total Reductions in Taxes From Catastrophic Events, as reported by
the county tax collector, required under s. 197.3181(5), F.S. The form will list the taxing
jurisdiction's reductions in ad valorem tax revenues.
The Department will review all submitted Form DR-5005's once the October 1, 2024, deadline
has been reached. After review of all completed applications and copies of DR-522 forms, the
Department will issue the offset in reduction of property tax revenues as quickly as possible to
affected taxing jurisdictions.
Affected Rule and Form
Form DR-5005, Application to Offset Total Reductions in Ad Valorem Tax Revenue From
Refunds Due to a Catastrophic Event.
The emergency rule adopting Form DR-5005 is available here.
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:Hlaws.flrules.org/2024/158.
Implementing Date
The implementing law is effective upon becoming a law, which was May 7, 2024.