Property Tax Exemption: Affordable and Multifamily Housing Projects
The following information is for applicants completing
Form DR-504, Ad Valorem Tax Exemption Application and Return for 2018.
Section 196.1978, Florida Statutes, creates two separate ad valorem tax reductions related to affordable housing:
- Section 196.1978(1), F.S., provides for a property tax exemption if certain criteria are met.
- Section 196.1978(2), F.S., provides for a property tax
discount if certain criteria are met.
For more information about the requirements for the property tax exemption and the property tax discount, please review
section 196.1978, F.S.
Form DR-504 Questions and Answers
Q: I am an affordable housing provider, and I want to apply for the property tax exemption under section 196.1978(1), F.S., using Form DR-504. Do I need to complete Section C?
A: No. This portion of the form applies only to affordable housing providers who are seeking the property tax discount under section 196.1978(2), F.S., for multifamily projects.
Q: I am an affordable housing provider, and I want to apply for the property tax discount under section 196.1978(2), F.S., using Form DR-504. Do I need to complete questions 1 through 5 under Section A or questions 1 through 7 under Section D?
A: No. Those portions of the form are for affordable housing providers seeking the property tax
exemption under section 196.1978(1), F.S. However, you should complete the general information portion of Section A.
