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Pinellas Park council opts out of state ‘Live Local’ property-tax exemption
Summary
Council adopted Resolution 24-33 to opt the city out of providing the Live Local Act property-tax exemption for qualifying affordable units, effective Jan. 1, 2025; the opt-out requires a two-thirds vote and must be renewed before Jan. 1, 2027 unless regional housing statistics change.
The Pinellas Park City Council adopted Resolution 24-33 at first and final reading to opt the city out of providing a property-tax exemption created under the state’s Live Local framework (Florida Statutes section 196.19783).
Erica Linquist, planning and development services director, explained that the exemption provides a 75% property-tax reduction for qualifying affordable housing units in certain new multifamily or mixed-use developments. Municipalities may opt out if their metropolitan statistical area (MSA) is identified in the Shimberg Center report as having more available affordable units than households below specified income thresholds; the Tampa Bay MSA was listed as eligible this year.
Linquist said the opt-out requires a two-thirds majority for adoption and would take effect Jan. 1, 2025. The opt-out must be renewed prior to expiration (Jan. 1, 2027) and would be reversed automatically if the Tampa Bay MSA is later found to have a deficit of affordable units in a future Shimberg report.
The council voted to adopt the resolution on first and final reading; the transcript records the motion and adoption at the meeting. No specific fiscal projections or named developers were discussed during the hearing.
