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QUESTIONS: 1. Is private property leased to a municipal corporation for municipal purposes or to a nonprofit corporation used for exempt purposes, the lease being $1 per year or another similar nonprofit lease agreement, taxable? 2. Does AGO 072-276 supersede or invalidate AGO 058-71 insofar as applied to municipal parking facilities?

SUMMARY: Private property (i.e., owned by a nongovernmental entity that is not nonprofit as defined by s. 196.195, F.S.) is not entitled to exemption from ad valorem taxation by virtue of its being leased, for profit or not, to a municipality, even though used by…