Frequently asked questions
The Live Local Act exemption in brief. For anything specific to your asset, a short call is usually the fastest path to a real answer.
What is the Live Local Act exemption?
A Florida ad valorem property tax exemption for qualifying newer multifamily developments that reserve units at workforce-affordable rents — 75% relief on units serving 80–120% of area median income, and 100% on units at or below 80% AMI.
Which properties are candidates?
Broadly: multifamily developments of more than 70 units, with improvements substantially completed within the past five years, offering qualifying units at or below statutory rent limits. County-level practice matters; we assess each asset individually.
When do applications have to be filed?
Exemption applications are generally due to the county property appraiser at the beginning of the year, with certification steps before filing. Missing the window typically means waiting a full year.
Is this a one-time filing?
No. Qualification is re-established annually — rents, occupancy, and certifications must be maintained and refiled each year. That ongoing compliance is a core part of our engagement.
How are we compensated?
Engagements are typically structured as a fixed fee for initial eligibility assessments, and then as a success-based structure for tax savings achieved.