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Ad Valorem Tax Abatement Program
The City of Cocoa offers an Ad Valorem Tax Abatement program for new and expanding businesses within the City. An ad valorem tax abatement is the reduction of or exemption from taxes granted by a government for a specified period, usually to encourage certain activities such as job creation and/or investment in capital. Ad Valorem Tax is a tax based on the value of real estate or personal property.  

Eligibility for and the scope of the exemption are generally determined by the number of new jobs created by a new or expanding business, average annual wage of those new jobs created, and the amount of capital investment in improvement of property and/or acquisition of business equipment.

Eligible businesses must complete the Economic Incentive Application and submit to the Office of Economic Development via email to or by fax to (321) 433-8526.