Once abatement is granted, does it remain in place no matter what?

No. The ability for a business to receive abatement for the period granted is conditioned upon the applicant's ability to achieve hiring, wage and capital investment requirements agreed to at the time the abatement is approved. Failure to achieve those obligations will lead to the abatement being rescinded. Please call 321-433-8684 for more information.

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1. What is the purpose of the Ad Valorem Tax (AVT) Abatement program?
2. Who is eligible for AVT abatement?
3. Who grants AVT abatements?
4. Do AVT abatements involve cash transactions?
5. Do AVT abatements involve all taxes levied by the City of Cocoa?
6. Once abatement is granted, does it remain in place no matter what?
7. How does the City monitor whether a business is achieving the goals under the AVT abatement program?
8. Why is the City supportive of the AVT abatement program?