Let’s Talk Capital
Let’s Talk Capital

Property Tax Abatement

The tax abatement program provided in Florida Statutes 196.1995 is available throughout Southeast Volusia for businesses creating jobs. The program has many requirements and tax abatement must be approved on a case-by-case basis by the City. The tax exemption abatement is only eligible for “…up to 100 percent of the assessed value of improvements to real property made by or for the use of a new business and of all tangible personal property of such new business, or up to 100 percent of the assessed value of all added improvement to real property made to facilitate the expansion of an existing business and of the new increase in all tangible personal property acquired to facilitate such expansion of an existing business…” The abatement does not apply to land or existing buildings. City staff will help eligible businesses apply for the abatement.