FL S0568

Counties and municipalities may enter into agreements with property owners to record restrictive covenants running with the land for at least 20 years, requiring the property to provide affordable housing for extremely-low-income to moderate-income persons or workforce housing

Property appraisers must consider the terms of these restrictive covenants, including resale restrictions, when determining just value for tax assessment purposes

Counties and municipalities must record covenants in public records and provide property appraisers with a list of all agreements by December 1 of the year before the revised assessment takes effect

Recorded covenants are deemed land use regulations during their term, and may be amended if changes do not significantly alter the original intent

Property owners with tangible personal property assessed without filing a return may qualify for the tangible personal property exemption without filing an initial return, at the property appraiser's option