For purposes of ad valorem property taxation, agricultural equipment that is located on property classified as agricultural under s. 193.461 and that is no longer usable for its intended purpose shall be deemed to have a market value no greater than its value for salvage.
Fla. Stat. § 193.4615
Assessment of obsolete agricultural equipment
History.--s. 16, ch. 2006-289; s. 32, ch. 2019-3.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.