AVT (AD VALOREM TAX) ABATEMENT PROGRAM

What is the AVT program?

The Brevard County Ad Valorem Tax Abatement Program is an economic incentive program that offers partial tax relief to eligible businesses to encourage new investment and job creation within the county.

 (Tax exemption only applies to new taxes associated with improvements or new investments and is a limited time.)

Why is this important to Brevard County?

● Competitive Advantage: In a global market, communities compete to attract business investment and new jobs for their residents. The AVT program helps Brevard County stand out as companies look for the best location.

● Ensures residents have access to high-wage jobs in growing industries. Program guidelines set the targeted average wage for new jobs. (Current average wage is $61,784)

Keeping jobs in Brevard since 1994.

The Ad Valorem Tax Program is a powerful tool used by Brevard County to attract, retain, and expand high-tech, high-paying jobs on the Space Coast. Since 2005, the AVT program has produced a commitment by companies for over 4,000 new jobs, resulting in an additional 4,700+ spin-off jobs and total wages into the community reaching $4.43 billion.