The “Missing Middle” Property Tax exemption encourages new or recently constructed developments to offer affordable units. Interested owners must first apply with Florida Housing to obtain Multifamily Middle Market certification notice and then with their local property appraiser, by March 1st, to obtain exemption. Before issuing the “Multifamily Middle Market” certification notice, Florida Housing will review specific eligibility criteria and determine if a certification notice can be issued. Once received, this certification notice must be taken to the local Property Appraiser’s office as part of the application for the “Missing Middle” Property Tax Exemption. While a certificate from Florida Housing is required in order to receive the exemption, it is not a guarantee that an exemption will be issued as the Property Appraiser will determine final issuance of an exemption. In order to be eligible for this property tax exemption, the following requirements, at minimum, must be met.

More than 70 units must be set aside for affordable housing. Those designated units must serve:

• Up to 80% AMI per unit for an 100% property tax exemption; OR
• 81% up to 120% AMI per unit for a 75% property tax exemption

The Area Median Income (AMI) is determined through multifamily rental programs income and rent limit chart derived from the Multifamily Tax Subsidy Projects Income Limits published by the United States Department of Housing and Urban Development or 90% of the fair market value rent as determined by a rental market study meeting.

Program Process for Property Owners:

• Property Owner registers with Florida Housing through the Multifamily Middle Market Certification portal
• Property Owner submits required elements for certification
• Florida Housing reviews submission
• Florida Housing provides notice of certification decision
• Property Owner takes certification notice to the designated Property Appraiser for final approval

Florida Housing is developing additional information that will be updated and available on this page soon.

September 19, 2023 Workshop:

• Multifamily Middle Market Certification Workshop Agenda
• Multifamily Middle Market Certification Workshop Notice
• Webinar Registration Instructions
• Webinar Usage Questions and Answers 

July 11, 2023, Conceptual Workshop:

• Tax Incentive Conceptual Workshop Agenda
• Workshop Notice
• Video Recording of the Tax Incentive Conceptual Workshop

Links:

Multifamily Middle Market Certification Frequently Asked Questions

Multifamily Tax Subsidy Projects Income and Rent Limits

Property Appraiser Search: Florida Dept. of Revenue - Property Tax - Local Officials (floridarevenue.com)

Certification Portal (Opening Fall 2023)

Sign Up For the Multifamily Middle Market Certification's ListServ

For questions or comments regarding the Multifamily Middle Market Certification email
Middle.Market.Cert@Floridahousing.org

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