Form DR-570WF "Application for Recreational and Commercial Working Waterfronts Property Tax Deferral" - Florida

What Is Form DR-570WF?

This is a legal form that was released by the Florida Department of Revenue - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on October 1, 2011;
  • The latest edition provided by the Florida Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a printable version of Form DR-570WF by clicking the link below or browse more documents and templates provided by the Florida Department of Revenue.

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Download Form DR-570WF "Application for Recreational and Commercial Working Waterfronts Property Tax Deferral" - Florida

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APPLICATION FOR RECREATIONAL AND COMMERCIAL
DR-570WF
R. 10/11
WORKING WATERFRONTS PROPERTY TAX DEFERRAL
Rule 12D-16.002
Florida Administrative Code
Section 197.2423, Florida Statutes
Effective 11/12
Due to the tax collector by March 31
COMPLETED BY TAXPAYER
Owner
Parcel ID
Mailing
Property
address
address
Phone
Property
description
List all outstanding liens on the property. Add pages, if needed.
Name of Lien Holder
Balance
Name of Lien Holder
Balance
Primary
mortgage
I am applying to defer payment of a portion or all of the ad valorem taxes and any non-ad valorem assessments
(taxing
authorized by the tax deferral ordinance adopted by
authority authorizing the deferral), that would be covered by a tax certificate sold under Chapter 197, F.S., for 20
.
I understand that I must furnish proof of fire and extended coverage insurance at least equal to the total of all
outstanding liens, deferred taxes, non-ad valorem assessments, and interest with a loss payable clause to the
county tax collector.
The information above is true to the best of my knowledge.
____________________________________________
_________________
Signature, applicant
Date
See page 2 for more information.
COMPLETED BY TAX COLLECTOR
Part 1. Ad valorem taxes and non ad valorem
Part 2
assessments. Do not complete if entire amount is deferred
1. Total deferred (taxes and assessments)
1. Total due before discount
2. Total deferred
2. Interest prior year(s)
(1 minus 2)
3. Total not deferred
3. All other unsatisfied liens including
primary mortgage outstanding
4. Less applicable discount
5. Total due and payable (3 minus 4)
4. Total
(1+2+3)
5. Just value
6. 4 divided by 5 (cannot exceed 85%)
%
7. Total primary mortgage outstanding
See section 197.2524, F.S., for limits on deferrals in a
a community redevelopment area.
8. 7 divided by 5 (cannot exceed 70%)
%
Approved
Not approved
Signature
Date
By
Date copy sent to applicant
Date copy sent to community redevelopment district, if needed
APPLICATION FOR RECREATIONAL AND COMMERCIAL
DR-570WF
R. 10/11
WORKING WATERFRONTS PROPERTY TAX DEFERRAL
Rule 12D-16.002
Florida Administrative Code
Section 197.2423, Florida Statutes
Effective 11/12
Due to the tax collector by March 31
COMPLETED BY TAXPAYER
Owner
Parcel ID
Mailing
Property
address
address
Phone
Property
description
List all outstanding liens on the property. Add pages, if needed.
Name of Lien Holder
Balance
Name of Lien Holder
Balance
Primary
mortgage
I am applying to defer payment of a portion or all of the ad valorem taxes and any non-ad valorem assessments
(taxing
authorized by the tax deferral ordinance adopted by
authority authorizing the deferral), that would be covered by a tax certificate sold under Chapter 197, F.S., for 20
.
I understand that I must furnish proof of fire and extended coverage insurance at least equal to the total of all
outstanding liens, deferred taxes, non-ad valorem assessments, and interest with a loss payable clause to the
county tax collector.
The information above is true to the best of my knowledge.
____________________________________________
_________________
Signature, applicant
Date
See page 2 for more information.
COMPLETED BY TAX COLLECTOR
Part 1. Ad valorem taxes and non ad valorem
Part 2
assessments. Do not complete if entire amount is deferred
1. Total deferred (taxes and assessments)
1. Total due before discount
2. Total deferred
2. Interest prior year(s)
(1 minus 2)
3. Total not deferred
3. All other unsatisfied liens including
primary mortgage outstanding
4. Less applicable discount
5. Total due and payable (3 minus 4)
4. Total
(1+2+3)
5. Just value
6. 4 divided by 5 (cannot exceed 85%)
%
7. Total primary mortgage outstanding
See section 197.2524, F.S., for limits on deferrals in a
a community redevelopment area.
8. 7 divided by 5 (cannot exceed 70%)
%
Approved
Not approved
Signature
Date
By
Date copy sent to applicant
Date copy sent to community redevelopment district, if needed
DR-570WF
R. 10/11
RECREATIONAL AND COMMERCIAL
Page 2
WORKING WATERFRONTS TAX DEFERRAL
A Recreational and Commercial Working Waterfront as defined under s. 342.07(2), F.S. is:
A parcel or parcels of real property that provide access for water-dependent commercial activities, including
hotels and motels as defined in s. 509.242(1), or provide access for the public to the navigable waters of the
state. Recreational and commercial working waterfronts require direct access to or a location on, over, or
adjacent to a navigable body of water. The term includes water-dependent facilities that are open to the
public and offer public access by vessels to the waters of the state or that are support facilities for recreational,
commercial, research, or governmental vessels. These facilities include public lodging establishments,
docks, wharfs, lifts, wet and dry marinas, boat ramps, boat hauling and repair facilities, commercial fishing
facilities, boat construction facilities, and other support structures over the water. As used in this section, the
term "vessel" has the same meaning as in s. 327.02(39). Seaports are excluded from the definition.
Who can qualify for tax deferral for recreational and commercial working waterfronts?
A property owner in a jurisdiction that has adopted a tax deferral ordinance (s. 197.2524, F.S.) and who owns a
recreational and commercial working waterfront facility may defer payment of the ad valorem taxes and non-ad
valorem assessments covered by the ordinance. The owner must file an application for tax deferral, Form DR-570WF,
with the county tax collector each year by March 31, the year after the taxes and assessments were assessed.
Tax deferral may not be granted if:
The total of deferred taxes, non-ad valorem assessments, and interest, plus all other unsatisfied liens on the
property, is more than 85% of the just value; or
The primary financing on the property is more than 70% of the just value.
What is the interest rate on the deferred taxes? Is there a lien on the property?
The interest rate is equal to the semiannually compounded rate of 1/2% (.5%) plus the average yield to maturity of
the long term fixed-income portion of the Florida Retirement System investments at the end of the quarter before the
date of the sale of the deferred payment tax certificate. However, the interest rate cannot be more than 7%.
The taxes, non-ad valorem assessments, and interest deferred are a prior lien on the property; they attach on the
date and in the same manner. They are collected the same as other property tax liens.
When will I have to pay the deferred taxes, assessments, and interest?
The deferred taxes, assessments and interest may be paid at any time. However, the amount must be paid when:
The tax-deferred property changes ownership or use and the owner can no longer claim the property as a
recreational or commercial working waterfront facility; or
The legal or beneficial ownership of the property changes; or
The owner does not maintain the required fire and extended insurance coverage.
The amount of deferred taxes, non-ad valorem assessments, and interest for all previous years is due on November 1,
the year the change occurs, or on the date insurance stops. The amount becomes delinquent on April 1, the year
after the change in ownership, use, or loss of insurance coverage occurred.
Are there other conditions that can require me to pay all or part of the deferred amount?
During any year the total amount of deferred taxes, non ad valorem assessments, interest, and all other unsatisfied
liens on the property is more than 85% of the just value, the portion of taxes and interest over 85% of the just value
is due. The owner must pay the amount within 30 days after the tax collector notifies the owner. If the amount due is
not paid, the total amount of deferred taxes and interest will become delinquent.
What happens if my deferred taxes become delinquent?
If deferred taxes become delinquent, the tax collector will sell a tax certificate for the delinquent taxes, assessments,
and interest in the manner provided in section 197.432, F.S.
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