Florida Florida Statutes
§ 197.2526 — Eligibility for tax deferral for affordable rental housing property
FS § 197.2526Ch. 197
Statute text
View on sourceThe tax deferral authorized by s. 197.2524 applies only on a pro rata basis to the ad valorem taxes levied on residential units within a property which meet the following conditions:(1) Units for which the monthly rent along with taxes, insurance, and utilities does not exceed 30 percent of the median adjusted gross annual income as defined in s. 420.0004 for the households described in subsection (2).
(2)Units that are occupied by extremely-low-income persons, very-low-income persons, low-income persons, or moderate-income persons as these terms are defined in s. 420.0004. History.—s. 6, ch. 2007-198; s. 17, ch. 2011-151. Note.—Former s. 197.3071.
(d)The tax collector shall notify a community redevelopment agency of any tax deferral that has been granted on property located within the community redevelopment area of that agency.
(e)Issuance of a debt obligation after the date a deferral has been granted does not reduce the amount of taxes eligible for deferral.
Legislative history
s. 14, ch. 2005-157; s. 4, ch. 2006-220; s. 16, ch. 2011-151.