(1) The area annexed to a municipality shall be subject to the taxes and debts of the municipality upon the effective date of the annexation. However, the annexed area shall not be subject to municipal ad valorem taxation for the current year if the effective date of the annexation falls after the municipal governing body levies such tax.
(2) The municipal governing body, in the event of exclusion of territory, shall reach agreement with the county governing body to determine what portion, if any, of the existing indebtedness or property of the municipality shall be assumed by the county of which the excluded territory will become a part, the fair value of such indebtedness or property, and the manner of transfer and financing.
History.—s. 1, ch. 74-190.
Structure Florida Statutes
Chapter 171 - Local Government Boundaries
Part I - Municipal Annexation or Contraction (Ss. 171.011-171.094)
171.022 - Preemption; effect on special laws.
171.0413 - Annexation procedures.
171.042 - Prerequisites to annexation.
171.043 - Character of the area to be annexed.
171.044 - Voluntary annexation.
171.045 - Annexation limited to a single county.
171.046 - Annexation of enclaves.
171.051 - Contraction procedures.
171.052 - Criteria for contraction of municipal boundaries.
171.061 - Apportionment of debts and taxes in annexations or contractions.
171.062 - Effects of annexations or contractions.
171.071 - Effect in Miami-Dade County.
171.081 - Appeal on annexation or contraction.
171.093 - Municipal annexation within independent special districts.