"Charitable" Exemption From Payment of
Ad
Valorem Property Taxes
For
"Affordable Housing" Properties
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Click Here for the exemption
application (form DR 504) or get it from your local County
Property Appraiser's office (in Miami-Dade County its on the 8th floor,
111 NW 1st Street, Miami, Fl)
Click Here for an Overview of the Legal
Requirements
- Key
Date for Determining Use of Property - Exemption is based upon the use
of the property on Jan 1st of
the year that the exemption is being applied for.
- Application Deadline is
March 1st (of
the year the exemption is being applied for)
- Property Must be Used
for Exempt Purpose - ("Charitable Use") - Property used for
affordable housing possibly can qualify for an exemption if its use is
deemed to be "charitable". THERE ARE TWO WAYS TO QUALIFY:
- SAFE
HARBOR:
There is an "affordable housing" safe harbor. BUT - the
safe harbor applies ONLY to occupied
rental properties. All other
types of property must qualify under the generic "charitable use"
exemption.
vs.
- GENERIC "CHARITABLE
USE" EXEMPTION- All other properties
that are not occupied rental units must qualify under the
generic "charitable" use exemption.. This includes vacant
land that is being held for future development or which is currently in
the process of being developed)
Your
Strategy for Exemption will Depend on the Type of Property
- Rental apartments -
occupied rental units can qualify under the "affordable housing" safe
harbor.
- All Other Properties:These
properties do NOT qualify under the "affordable housing" safe harbor.
Instead, they must qualify (if at all) under the generic "charibable
use" exemption
Preparing
& Filing Your Application
Overview
of the Application & Appeal Process
- description of the
basic mechanics
Sample
Narratives (to be added as attachments to the application
form)
Click Here for an Overview of the Legal
Requirements
- for both the Safe
Harbor and generic "Charitable Use"
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