Resolution to Opt-Out of Certain Property Tax Exemptions for Affordable Housing

Original title: Public Hearing - Resolution No. 2024-81, Making a contingent finding pursuant to Section 196.1978(3)(o), Florida Statutes, based on the 2024 Shimberg Center for Housing Studies Annual Report; electing to not exempt certain property from ad valorem taxation under the Live Local Act subject to that finding, as allowed under Section 196.1978(3)(o)(2024).

Record date · December 23, 2024

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

The City Commission passed a resolution to decline a specific property tax exemption for certain affordable housing developments. This decision is based on findings from the 2024 Shimberg Center for Housing Studies Annual Report, as permitted under the state's .

Why it matters

Property owners of certain affordable housing units will not receive a specific ad valorem tax exemption, meaning they will continue to pay property taxes at the standard rate rather than being exempt under the provisions.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Property owners of affordable housing

These owners will not receive the ad valorem tax exemption for their properties as a result of this resolution.

Indirectly affected

Local taxpayers

The city's tax base remains higher than it would have been if the exemptions had been granted.

Key Facts

The City Commission passed Resolution No. 2024-81.
The city elected to not exempt certain property from ad valorem taxation.
The decision is based on a contingent finding pursuant to Section 196.1978(3)(o) of the Florida Statutes.
The finding relies on data provided in the 2024 Shimberg Center for Housing Studies Annual Report.

Show all 6 facts

The action is taken under the authority granted by the Live Local Act.
The resolution was introduced on December 11, 2024.

Frequently Asked Questions

What does this resolution do?

It prevents certain affordable housing properties from receiving a specific property tax exemption that was otherwise available under the .

Why did the city make this decision?

The city made a based on the 2024 Shimberg Center for Housing Studies Annual Report, which allows them to opt out of the tax exemption under state law.

What else do you want to know?