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Affordable Housing, Multifamily and Live Local Exemptions

There are various property tax exemptions afforded to property used to provide affordable housing for persons or families within certain income limits. This includes a property tax exemption for nonprofit entities and properties that have provided affordable housing for at least 15 years.

Florida Live Local Act exemptions were extended to newly constructed properties of more than 70 units providing below-market rent housing to persons that meet specific income requirements. Local governments also have the option to exempt their portion of taxes for properties of more than 50 units and provide below-market rents to persons meeting the designated income requirements.

To qualify for an affordable housing exemption, you must complete and submit the Property Tax Exemption Application for Multifamily Project and Affordable Housing Property (DR-504AFH) form.

To confirm your application has been received and to track its status, visit the Track Your Application Status webpage. For more information, call 305-375-4712.

You can file a late property tax exemption application starting March 2 until the expiration on your August Notice of Proposed Property Taxes (TRIM Notice), which is on or before September 20. You may have to file a petition with the Value Adjustment Board; a $15 fee may be applicable.

For information regarding Florida Housing Finance Corporation Certification or rent and Income limit requirements, read about Multifamily Middle Market Certification.

The Property Appraiser may request additional information to determine exemption eligibility, such as rent rolls, tenant income verification, leases and other financial documents.