Relating to the assessment of rebuilt homesteads; prescribing an effective date.

Authorizes a county to allow a homestead rebuilt by the same owner on the same lot to replace the homestead destroyed by wildfire to have a specially assessed value equal to the destroyed homestead's real market value for the property tax year during which the homestead is destroyed, to the extent of the square footage of the destroyed homestead. Provides that the specially assessed value continues until the earliest of the date on which the rebuilt homestead is no longer the owner's principal dwelling, is rented to another person for any duration or is transferred to new ownership. Takes effect on the 91st day following adjournment sine die.