b. Resolution No. 4413: A resolution amending the Ad Valorem Tax

City Council Meeting · 2026-04-14 · agenda_item

The City of Melbourne is updating its Ad Valorem Tax Exemption Program Guidelines. This update changes the program's requirements to include new average annual wage data from the State of Florida. The program helps new or expanding businesses by offering tax abatements. These abatements are based on factors like average wages, capital investment, and new jobs. The city uses this program to match state incentives for businesses. The City Council has already approved this resolution. This means the updated guidelines are now in effect. While no new construction is directly described, businesses seeking to expand or locate in Melbourne may now qualify for updated tax incentives. This could lead to future construction and development projects. Contractors, suppliers, and service providers should monitor future projects that may arise from businesses taking advantage of these updated incentives. Reaching out to businesses that might benefit from these programs could provide early insight into potential future work.

average annual wage requirement

57927 dollars

average annual wage requirement

68052 dollars