No. HB 957
Filed under Taxes & Budget.
Deferred and Unpaid Taxes; Limits specified tax deferral to properties with just value of $1 million or less; increases minimum value of tax certificate that may be sold at public auction or by electronic sale.
Plain English Summary
AI-GENERATEDThe bill restricts who can defer property taxes. Only owners of homesteads with a just value of $1 million or less may apply to defer payment of accumulated taxes and interest.
It raises the minimum tax certificate amount that cannot be sold at auction. Certificates for homesteads with less than $500 in delinquent taxes must now be issued by the tax collector instead of sold publicly.
These changes take effect on July 1, 2026. Property owners with homesteads valued above $1 million lose the ability to defer their tax payments under this specific statute.
AIRestricts the homestead tax deferral program to properties with a just value of $1 million or less, excluding higher-value homesteads from deferring tax payments.
AIRaises the minimum delinquent tax amount for homestead properties from $250 to $500 before a tax certificate can be sold at public auction or by electronic sale.
AIIncreases the amount of tax certificates and accrued interest required to invoke foreclosure on homestead property from $250 to $500.