Form DR-570AH "Application for Affordable Housing Property Tax Deferral" - Florida

What Is Form DR-570AH?

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-570AH 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-570AH "Application for Affordable Housing Property Tax Deferral" - Florida

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APPLICATION FOR AFFORDABLE HOUSING
DR-570AH
N. 10/11
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
Property
description
Phone
Phone 2
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
authorized by the tax deferral ordinance adopted by
(taxing
, that would be covered by a tax certificate sold under Chapter 197, F.S., for 20
.
authority authorizing the deferral)
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 and correct 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)
3. Total not deferred (1 minus 2)
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
8. 7 divided by 5 (cannot exceed 70%)
a community redevelopment area.
%
Approved
Not approved
Signature
Date
Date copy sent to applicant
APPLICATION FOR AFFORDABLE HOUSING
DR-570AH
N. 10/11
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
Property
description
Phone
Phone 2
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
authorized by the tax deferral ordinance adopted by
(taxing
, that would be covered by a tax certificate sold under Chapter 197, F.S., for 20
.
authority authorizing the deferral)
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 and correct 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)
3. Total not deferred (1 minus 2)
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
8. 7 divided by 5 (cannot exceed 70%)
a community redevelopment area.
%
Approved
Not approved
Signature
Date
Date copy sent to applicant
AFFORDABLE HOUSING PROPERTY TAX DEFERRAL
DR-570AH
N. 10/11
Page 2 of 2
Does my property qualify for affordable rental housing tax deferral?
Any qualified property owner in a county or municipality that has adopted an ordinance for tax deferral on
affordable rental housing property under s. 197.2524, F.S., may apply to defer ad valorem taxes and non-ad
valorem assessments covered by the ordinance. To qualify, the owner must:
Engage in the operation, rehabilitation, or renovation of affordable rental housing under Part VI, Chapter
420, Florida Statutes, and
File an application for tax deferral, Form DR-570AH, with the county tax collector by March 31 each year
following the year the taxes and non-ad valorem assessments were assessed.
Tax deferral may not be granted if:
The total of deferred taxes, non-ad valorem assessments, and interest, plus the total of 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 amount? 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 sale of the deferred payment tax certificates. However, the interest rate may not exceed 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 is no longer entitled to claim the
property as affordable rental housing, or
The legal or beneficial ownership of the property changes, or
The owner does not maintain the required fire and extended insurance coverage.
The total 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 total 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, assessments, interest, and other unsatisfied liens becomes more
than 85% of the just value, the portion of taxes and interest that is over 85% of the just value is due. The owner
must pay that amount within 30 days after the tax collector notifies the owner. If the owner does not pay, the total
amount of deferred taxes, assessments, and interest will become delinquent.
What happens if my deferred taxes are delinquent?
If deferred taxes become delinquent, the tax collector will sell a tax certificate for the delinquent taxes, interest, and
assessments in the manner provided by section 197.432, F.S.
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