Classification and Assessment of Working Waterfront Property
On November 4, 2008, Florida voters approved Amendment 6 creating changes to Section 4 of Article VII of the State Constitution. This Amendment provides for classification and assessment of working waterfront property based on the following qualified uses:
- Predominantly used for commercial fishing
- Accessible to the public and used for vessel launches into navigable waters
- A marina or drystack open to the public
- A water-dependent marine manufacturing facility
- A water-dependent commercial fishing facility
- A water-dependent marine vessel construction or repair facility and/or support facilities
Prior to the passage of this amendment, working waterfront properties were assessed based on the 'Highest and Best Use' resulting in properties being assessed at values higher than the actual businesses they housed.
The Florida Department of Revenue (DOR), the supervising agency for county property appraisers, has created a suggested Working Waterfront Assessment Application (DOR form DR-482WW). This form must be completed and filed by March 1 with supporting documents such as a Marine Operating Permit (MOP) issued by the Department of Permitting, Environment and Regulatory Affairs to ensure prompt consideration.