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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
Reporting JurisdictionHillsborough County
Jurisdiction type: County
Fiscal year ending In2017
Program nameAd Valorem Property Tax Exemption Program
Program purpose: Job Creation/Retention
Statutory authority: County Ordinance 11-1
Abating jurisdiction(s): Hillsborough County, Florida
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: The County makes tax abatement payments after determining that program requirements are met. If a participant does not comply with all requirements, partial benefits are not permitted.
Gross revenue loss: $881,717
Reimbursement / offset: $0
Net revenue loss: $881,717
Type of loss: Active
Additional notes on dislosureThe County makes tax abatement payments after determining that program requirements are met. If a participant does not comply with all requirements, partial benefits are not permitted.
Document sourcehttps://www.hillsclerk.com/records-and-reports/financial-reports-county