Affordable Housing Property Tax Exemption bill revises conditions for property tax exemption eligibility in Florida.

The bill amends the affordable housing property tax exemption in Florida, allowing taxing authorities to opt out of exempting certain properties if they meet specific conditions. It also provides that owners of multifamily projects can apply for and continue to receive the exemption if they meet the requirements. The changes apply to the 2027 property tax roll.

Affordable Housing Property Tax Exemption bill revises conditions for property tax exemption eligibility in Florida.

The bill amends the affordable housing property tax exemption in Florida, allowing taxing authorities to opt out of exempting certain properties if they meet specific conditions. It also provides that owners of multifamily projects can apply for and continue to receive the exemption if they meet the requirements. The changes apply to the 2027 property tax roll.