What is the purpose of the Ad Valorem Tax (AVT) Abatement program?

The program is designed to spur the location and/or expansion of eligible businesses in the City of Cocoa through the exemption of certain, but not all, local taxes. 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?