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Ormond Beach commission adopts resolution to opt out of portion of Live Local Act tax exemption
Summary
The Ormond Beach City Commission voted to adopt Resolution 2024-217 to decline certain Live Local Act tax exemptions for properties in the city, citing a December county housing report and a tight January 1 filing deadline; staff said the action is a protective measure for local tax revenue.
The Ormond Beach City Commission on a special meeting adopted Resolution 2024-217 to decline certain tax exemptions under the Live Local Act, staff said.
Planning Director Steven Strayer summarized the statute and staff recommendation, telling the commission that the 2023 Live Local Act preempted some local land-use rules for affordable housing and created tax exemptions. "It provided a 75% tax exemption for properties that provided housing at 80% to 120% of the area median income," Strayer said, "and then it provided a 100% tax exemption for those properties that provided 80% or below the area median income." He said the Schomburg Center for Housing Studies report, released Dec. 16 by the University of Florida,…
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