PCPA EX Code:  AX1 - Facility Exemption

Florida Statute 196.1975 provides the guidelines for the exemption for property used by nonprofit homes for the aged.  

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Nonprofit homes for the aged are exempt to the extent that they meet the following criteria:

1)Must apply for exemption by March 1 of the application year

2)Must be owned by an Exempt/Not-for-Profit entity as of January 1 of the application year

a)A corporation not-for-profit pursuant to chapter 617 - OR - A Florida limited partnership, the sole general partner of which is a corporation not for profit pursuant to chapter 617 - AND - 

b)Must be qualified as an exempt charitable organization under the provisions of s. 501(c)(3) of the Internal Revenue Code.

3)75% of the occupants must meet one of the following criteria:

a)Must be over the age of 62 years - OR -

b)Must be totally and permanently disabled 

4)Licensing by the Agency for Health Care Administration as of January 1 of the application year is required ONLY IF the home:

a)Furnishes medical facilities or nursing services to its residents - OR -

b)Qualifies as an assisted living facility under chapter 429

NOTE:  Nonprofit housing projects that are financed by a mortgage loan made or insured by the United States Department of Housing and Urban Development under s. 202, s. 202 with a s. 8 subsidy, s. 221(d)(3) or (4), or s. 236 of the National Housing Act, as amended, and that are subject to the income limitations established by that department are exempt from ad valorem taxation.