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Bill

HB 1037

Disclosure of Estimated Ad Valorem Taxes

2025 Regular Session Introduced by Adam Anderson and 1 co-sponsor

Requires Florida home sellers to disclose estimated property tax amounts to buyers before sale, improving transparency but facing implementation and industry concerns.

Died in Housing, Agriculture & Tourism Subcommittee
#realandpersonalproperty
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WeVote Research Nonpartisan
Bill Summary · HB 1037

Legislative bill overview

HB 1037 would have required sellers of residential property in Florida to disclose estimated ad valorem (property) tax amounts to potential buyers before purchase. The bill aimed to increase transparency in the homebuying process by ensuring buyers understand their future tax obligations at the point of sale.

Why is this important

Property taxes represent a significant ongoing cost of homeownership that many buyers fail to fully account for during purchase decisions. Clear disclosure of estimated taxes could help buyers make more informed financial decisions and reduce post-purchase surprise or dissatisfaction regarding their total housing costs.

Potential points of contention

  • Implementation complexity: Determining "estimated" taxes requires assumptions about future assessments and millage rates, which can fluctuate, making accurate disclosure difficult and potentially creating liability for sellers providing inaccurate figures
  • Market friction: Real estate industry concerns that additional disclosure requirements increase transaction complexity and could slow sales without substantially benefiting buyers who can easily research this public information
  • Fairness to sellers: Questions about whether sellers should bear responsibility for disclosing information that buyers can independently verify through county tax assessor websites and property appraisers

Compiled from official sources — confirm details with the bill’s official record.

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