Florida Regulations 12D-7.020: Exemption for Real Property Dedicated in Perpetuity for Conservation
Current as of: 2024 | Check for updates
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(1) To apply for the exemption in Florida Statutes § 196.26, a property owner must submit an original application to the property appraiser by March 1, as outlined in Florida Statutes § 196.011
(2) The Department prescribes Form DR-418C, Real Property Dedicated in Perpetuity for Conservation, Exemption Application, incorporated by reference in Fl. Admin. Code R. 12D-16.002 Property owners must use this form to apply for the exemption in Florida Statutes § 196.26
(3) If the land is no longer eligible for this exemption, the owner must promptly notify the property appraiser. If the owner fails to notify the property appraiser and it is determined the land was not eligible for this exemption for any time within the last 10 years, the owner is subject to taxes exempted plus 18% interest each year and a penalty of 100% of the taxes exempted. Any property of the owner will be subject to a lien for the unpaid taxes and penalties. (Florida Statutes § 196.011).
Rulemaking Authority Florida Statutes § 195.027(1), 213.06(1) FS. Law Implemented 196.011, 196.26 FS. History-New 11-1-12, Amended 9-19-17.
Terms Used In Florida Regulations 12D-7.020
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(3) If the land is no longer eligible for this exemption, the owner must promptly notify the property appraiser. If the owner fails to notify the property appraiser and it is determined the land was not eligible for this exemption for any time within the last 10 years, the owner is subject to taxes exempted plus 18% interest each year and a penalty of 100% of the taxes exempted. Any property of the owner will be subject to a lien for the unpaid taxes and penalties. (Florida Statutes § 196.011).
Rulemaking Authority Florida Statutes § 195.027(1), 213.06(1) FS. Law Implemented 196.011, 196.26 FS. History-New 11-1-12, Amended 9-19-17.