The amendment to Rule 12D-8.0063, F.A.C., provides that changes, additions or improvements to homestead property do not include repair or replacement of property damaged by misfortune or calamity that does not cause the total square footage to exceed 1500 square feet or 110 percent of the original square footage of the property where the repair or replacement is made within 3 years after January 1 following the year of damage or destruction. Provides that the just value of the portion that exceeds 1500 square feet or 110 percent is treated as a change, addition or improvement and is added to the assessed value of the homestead as of January 1 of the year following completion of the repair or replacement. Provides special rules for damage from named storms of 2004. Provides the assessed value of damaged or destroyed homestead property not repaired or replaced is reduced by the just value of the property not repaired or replaced. Provides that the provisions of this rule applicable to damaged or destroyed property also apply where the owner of property at the time of damage or destruction, permanently resided on the property, was not entitled to homestead exemption for that year, but applied for and received homestead exemption on the property the following year.