Florida Administrative Code › 12 - DEPARTMENT OF REVENUE › 12D - Property Tax Oversight Program › Chapter 12D-6 - MOBILE HOMES, PREFABRICATED OR MODULAR HOUSING UNITS, POLLUTION CONTROL DEVICES, AND FEE TIME-SHARE DEVELOPMENTS › Section 12D-6.006 - Fee Time-Share Real Property

Current through Reg. 50, No. 138; July 16, 2024
(1)
				Applicability of rule:
This rule shall apply to the valuation, assessment, listing,
				  billing and collection for ad valorem tax purposes of all fee time-share real
				  property, as defined in Section
				  192.001, F.S.
(2) Definitions - As used in this rule:
(a) "Accommodations" means any apartment,
				condominium or cooperative unit, cabin, lodge or hotel or motel room or any
				other private or commercial structure which is situated on real property and
				designed for occupancy by one or more individuals. (Section
				721.05(1),
				F.S.)
(b) "Fee time-share real
				property" means the land and buildings and other improvements to land that are
				subject to time-share interests which are sold as a fee interest in real
				property. (Section 192.001(14),
				F.S.)
(c) "Managing entity" means
				the person responsible for operating and maintaining the time-share plan.
				(Section 721.05(20),
				F.S.)
(d) "Time-share development"
				means the combined individual time-share periods or time-share estates of a
				time-share property as contained in a single entry on the tax roll. (Section
				192.037(2),
				F.S.)
(e) "Time-share estate" means
				a right to occupy a time-share unit, coupled with a freehold estate or an
				estate for years with a future interest in a time-share property or a specified
				portion thereof. (Section
				721.05(28),
				F.S.)
(f) "Time-share instrument"
				means one or more documents, by whatever name denominated, creating or
				governing the operation of a time-share plan. (Section
				721.05(29),
				F.S.)
(g) "Time-share period" means
				that period of time when a purchaser of a time-share plan is entitled to the
				possession and use of the accommodations or facilities, or both, of a
				time-share plan. (Section
				721.05(31),
				F.S.)
(h) "Time-share period
				titleholder" means the purchaser of a time-share period sold as a fee interest
				in real property, whether organized under Chapter 718 or 721, F.S. (Section
				192.001(15),
				F.S.)
(i) "Time-share plan" means
				any arrangement, plan, scheme, or similar device, other than an exchange
				program, whether by membership, agreement, tenancy in common, sale, lease,
				deed, rental agreement, license, or right-to-use agreement or by any other
				means, whereby a purchaser, in exchange for a consideration, receives ownership
				rights in, or a right to use, accommodations or facilities, or both, for a
				period of time less than a full year during any given year, but not necessarily
				for consecutive years, and which extends for a period of more than 3 years.
				(Section 721.05(32),
				F.S.)
(j) "Time-share property"
				means one or more time-share units subject to the same time-share instrument,
				together with any other property or rights to property appurtenant to those
				units. (Section 721.05(33),
				F.S.)
(k) "Time-share unit" means
				an accommodation of a time-share plan which is divided into time-share periods.
				(Section 721.05(34),
				F.S.)