§ 65.800. Purpose.

In November of 1992, Florida voters overwhelmingly approved by referendum an amendment to the Florida State Constitution authorizing units of local government to provide a partial ad valorem property tax exemption to owners of Florida historic properties who restore, rehabilitate or renovate those structures. The City of Orlando hereby creates an ad valorem exemption for qualifying improvement of historic properties designated by the City of Orlando in order to accomplish the following purposes:

(a)

Provide a positive financial incentive for designation of Orlando Historic Landmarks and HP Overlay districts;

(b)

Encourage more restoration, rehabilitation and renovation of designated historic structures in Orlando;

(c)

Stabilize and improve property values, and enhance the property tax base of the City of Orlando, by encouraging improvement of designated historic structures; and

(d)

Improve the appearance of designated Historic Landmarks and HP Overlay districts in Orlando, therefore enhancing their appeal as places to live, to work, or to visit.

(Ord. of 9-16-1991, Doc. #25102; Ord. of 6-20-1994, Doc. #27635)