Supreme Court of Florida

1108 Ariola, LLC, Petitioners v. Chris Jones

March 20, 201439 Fla. L. Weekly Supp. 138

Summary

The Florida Supreme Court answered the certified question by holding that a lessee may be deemed the equitable owner of leasehold improvements for ad valorem tax purposes even without a perpetual lease or a right to purchase the land for nominal value. Accordingly, the improvements are subject to ad valorem taxation, and the Court affirmed the First District Court’s decision.