How Santa Rosa County could be affected by Florida’s new affect cost bill, HB 337

As the issue of effects expenses continues to swirl in Santa Rosa County, a new point out invoice that is expected to be signed by Gov. Ron DeSantis could have an effect on the potential of influence charges in the quickly developing county. 

Property Monthly bill 337 caps impact price increases to no more than 12.5% in a supplied year and no a lot more than 50% in excess of a 4-calendar year time period. That necessitates states to “period in” influence cost will increase more than a numerous-12 months period of time, in its place of making significant improvements all at once. 

“What the situation is for any county or jurisdiction that hasn’t by now adopted an influence charge, it’s just likely to call for them, when they do long run raises and as they feel about five to 10 decades down the road, you really do not just want to be accomplishing 40, 50, 60% will increase at 1 time,” reported Rusty Payton, the CEO of the Florida Homebuilders Affiliation, who is based out of Tallahassee. “It’s just far too disruptive to the method.”