Title: Ad Valorem Tax

Summary: Authorizing a county or municipality, respectively, to establish an ad valorem tax rebate program for property owners; specifying requirements for the rebate program, etc.

Full Text:
An act relating to ad valorem tax; amending ss. 125.016 and 166.211, F.S.; authorizing a county or municipality, respectively, to establish an ad valorem tax rebate program for property owners; specifying requirements for the rebate program; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section 125.016, Florida Statutes, is amended to read: 125.016 Ad valorem tax.  (1)  Annually an ad valorem tax of not exceeding 1/2 mills may be levied upon all property in the county, which shall be levied and collected as other county taxes are levied and collected. The taxes shall be charged to the general fund, but such revenue may be appropriated by the county for the cost of constructing, operating, maintaining, expanding, enlarging, improving, or developing any project or projects herein specified, or for the payment of the costs of removing and relocating any structures, installations, or facilities which in the opinion of the board of county commissioners may be required for the safe and efficient operation of any such projects. The Said tax may be levied, collected, and expended for any of the purposes herein specified notwithstanding the cost and expense thereof which may have been incurred in a previous year, and when so collected and used the tax shall be considered to be levied, collected and used for a county purpose. (2)   Notwithstanding any law to the contrary, a county may, by ordinance, establish an ad valorem tax rebate program for property owners. The rebate program must be within designated areas where the county determines it is necessary for the health, safety, and welfare of its residents and must be available to all property owners within the same class of real estate. Section 2. Subsection (3) is added to section 166.211, Florida Statutes, to read: 166.211 Ad valorem taxes.  (3)  Notwithstanding any law to the contrary, a municipality may, by ordinance, establish an ad valorem tax rebate program for property owners. The rebate program must be within designated areas where the municipality determines it is necessary for the health, safety, and welfare of its residents and must be available to all property owners within the same class of real estate. Section 3. This act shall take effect July 1, 2025.