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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateFlorida
Effected JurisdictionPalm Beach County
Jurisdiction type: County
Fiscal year ending In2021
Program nameHistoric Property Tax Exemption
Program purpose: Historic Preservation
Statutory authority: Article VII, Section 3 of the Florida Constitution
Abating jurisdiction(s): Palm Beach County, Florida
Applicable taxesProperty Tax Property Tax
Method of abatement: Tax Exemption
Provisions for recapture: In the event of the non-performance or violation of the maintenance provision of the covenant by the owner or any successor-in-interest during the term of the covenant, the Local Historic Preservation Office will report such violation to the Property Appraiser and Tax Collector who shall take action pursuant to s. 196.1997 (7), F.S. The Owner shall be required to pay the difference between the total amount of taxes which would have been due in March in each of the previous years in which the covenant was in effect had the property not received the exemption and the total amount of taxes actually paid in those years, plus interest on the difference calculated as provided in s. 212.12 (3) F.S.
Gross revenue loss: $328,205
Reimbursement / offset: $0
Net revenue loss: $328,205
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.mypalmbeachclerk.com/departments/finance/county-financial-in...