Markham v. John Knox Village of Florida, Inc.

LETTS, Judge.

The trial court found that certain residential units in a retirement village were exempt from 1986 ad valorem taxation, to the extent of $25,000 of the assessed value of each unit, under section 196.1975(8)(a), Florida Statutes (1985).1 We affirm.

It is abundantly clear the legislature intended that residential units for the aged be granted a $25,000 exemption per qualifying unit, even though those elderly residents do not actually own the fee simple title thereto. We read the statute as only requiring 75% of the occupants to be over the age of 62 years or to be totally and…