Working-waterfront guidelines taking shape in Florida

Published online: Apr 23, 2010 News Trade Only Today
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A bill in the Florida legislature would set guidelines to be used by property appraisers in determining how to assess "working waterfront property," according to an analysis of the measure.

Some local marine companies in Manatee, Fla., are looking for a boost for their businesses with House Bill 7127 and its senate counterparts.

It would implement terms of Amendment 6 passed in 2008, which requires county assessors to set the taxable value of working waterfront on the basis of its actual use instead of its "highest and best" use, saving bait shop or marina owners from paying similar taxes to the waterfront resorts who might be their neighbors.

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