Treasure Coast Marina, Lc v. the City of Fort Pierce, Florida

Summary

The Court held that its prior decision did not create a new or more restrictive standard for the municipal or public purpose exemption from ad valorem taxation. A public marina owned and operated by a municipality is a traditional municipal function and therefore presumptively exempt when used exclusively for municipal or public purposes. The Court approved the district court's reversal of summary judgment for the private marina owners and directed entry of judgment recognizing the exemptions.