Census tract 160.03, Polk County, FL: 2027 Opportunity Zone

Yes. Census tract 160.03 in Polk County, Florida (GEOID 12105016003, QOZ ID R12105016003-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036. Treasury classifies it as made up entirely of a rural area.

Population

2,899

Median family income

$42,586

Poverty rate

33.7%

Unemployment

1.7%

Median home value

$76,900

American Community Survey 2020 to 2024 5-year estimates (U.S. Census Bureau).

Why it qualified

Treasury's data shows it qualified on median family income at or below 70% of the area median and a poverty rate of at least 20% (poverty 33.7%, income at 56% of the area median). See how a tract qualifies.

Its poverty rate ranks 3 of 8 among the designated tracts in Polk County.

Was it a 2018 zone?

None of this tract's land was in a 2018 Opportunity Zone, so it is new to the program on January 1, 2027.

What applies here

A gain invested in a Qualified Opportunity Fund after December 31, 2026 is deferred for up to five years. Held five years, basis rises by 30% if the investment is in a qualified rural opportunity fund, otherwise 10%. Held at least ten years, the investor can elect to exclude appreciation, measured no later than year 30. Because this is a rural zone, an existing building can meet the substantial improvement test with additions above 50% of its basis instead of 100%. See the OZ 2.0 rules and rural zones.

Other designated tracts in Polk County

• Tract 12105013300
• Tract 12105013602
• Tract 12105013701
• Tract 12105013802
• Tract 12105013901
• Tract 12105014402
• Tract 12105014802

See all Polk County Opportunity Zones, open the tract map, or check an exact address with the lookup. Tract lines follow the 2020 census. Source: CDFI Fund designated tract list.