Florida § 196.295 - Property transferred to exempt governmental unit; tax payment into escrow; taxes due from prior years.
Full text of Florida Florida Statutes § 196.295 — Property transferred to exempt governmental unit; tax payment into escrow; taxes due from prior years., with citation guidance and answers to common questions.
§ 196.295. Property transferred to exempt governmental unit; tax payment into escrow; taxes due from prior years.
(1) In the event fee title to property is acquired between January 1 and November 1 of any year by a governmental unit exempt under this chapter by any means except condemnation or is acquired by any means except condemnation for use exclusively for federal, state, county, or municipal purposes, the taxpayer shall be required to place in escrow with the county tax collector an amount equal to the current taxes prorated to the date of transfer of title, based upon the current assessment and millage rates on the land involved. This fund shall be used to pay any ad valorem taxes due, and the remainder of taxes which would otherwise have been due for that current year shall stand canceled. (2) In the event fee title to property is acquired by a governmental unit exempt under this chapter by any means except condemnation or is acquired by any means except condemnation for use exclusively for federal, state, county, or municipal purposes, the taxpayer is required to pay all taxes due from prior years.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 196.295
What does Florida Statutes § 196.295 cover?
Section 196.295 ("Property transferred to exempt governmental unit; tax payment into escrow; taxes due from prior years.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 196.295?
A common citation format is "Florida Statutes § 196.295" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 196.295 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.