A tax abatement is a local agreement between a taxpayer and a taxing unit which exempts all or part of the increase in the value of the real property and/or tangible personal property from taxation for a certain time period. Tax abatements are often used as an economic development tool available to cities, counties and special taxing districts to attract new industries and to encourage the retention and development of existing businesses through property tax exemptions or reductions.
Joint Petitions for tax abatement can also be a useful tool utilized by shared ownership communities such as condominiums, cooperatives and homeowners' associations to seek redress when the values being used to assess real property taxes for the association members' individual residences are inflated.
Attorney Marc Kleiner has handled property tax valuation appeals for businesses, individuals and all types and sizes of communities throughout Florida.
Additional Online Resources:
Florida Condominium Act
Florida Cooperative Act
Home Owners' Association (HOA) Act