Assessment of mobile home parks.

(1) As used in this section, the terms “mobile home lot,” “mobile home owner,” “mobile home park,” and “mobile home park owner” have the same meaning as in s. 723.003.

(2) If, on January 1 of the taxable year, 75 percent of the mobile home lots located in a mobile home park are subject to written rental agreements for a term of at least 1 year and if all ad valorem taxes levied on the property are required in the written mobile home lot rental agreements to be passed through, in proportionate shares, to the respective mobile home owners pursuant to s. 723.031(5)(c), then such property shall be assessed as follows:

(a) Beginning January 1, 2027, or January 1 of the year following the year that the property qualifies for an assessment limitation under this subsection, the property shall be assessed using the most recent year’s assessed value as the basis for any change in assessment. Any change resulting from such assessment shall not exceed 3 percent of the assessed value of the property for the most recent year.

(b) If the assessed value of the property as calculated under paragraph (a) exceeds the just value, the assessed value of the property shall be lowered to the just value of the property.

(3) If, on January 1 of the taxable year, a property that had been assessed pursuant to subsection (2) for the most recent taxable year is no longer eligible for assessment under that subsection, then such property shall be assessed pursuant to s. 193.1555(3) and (4). Any change in assessment in the first year the property is assessed pursuant to s. 193.1555 shall use the most recent year’s assessed value under subsection (2) as the basis for adjustment under s. 193.1555 and may not revert to just value unless the property experiences a qualified improvement or change of ownership or control as provided in s. 193.1555(5).

(4) If, after assessment under subsection (3), the property meets the conditions for assessment pursuant to subsection (2) on January 1 of a subsequent year, this section shall apply beginning with such year, and the application of the limitation in subsection (2) shall use the most recent year’s assessed value as the basis for adjustment.

(5) In order to have the property assessed under subsection (2), the mobile home park owner must apply to the county property appraiser by March 1 of each year using a form provided by the department. The form, which must include a sworn statement attesting to the applicant’s entitlement to assessment under this section for the mobile home park, must also be accompanied by documentation specified by rule of the department sufficient to prove that the mobile home park met the requirements of this section on January 1 of that year.

(6) It is declared to be the intent of the Legislature that this section implements s. 6(c), Art. VII of the State Constitution for purposes of providing ad valorem relief to residents of mobile home parks.

(7)(a) The Department of Revenue is authorized, and all conditions are deemed met, to adopt emergency rules pursuant to s. 120.54(4) for the purpose of implementing this section. Notwithstanding any other law, emergency rules adopted under this section are effective for 6 months after adoption.

(b) This subsection is repealed June 30, 2028.