Taxpayers may choose to pay their real (ad valorem) property taxes in quarterly installments. To be eligible for this payment plan, the taxpayer’s prior year’s taxes must be in excess of $100.00 (estimated taxes equal to last year’s gross taxes). An application for this payment plan must be filed with the tax collector on or before April 30 of the tax year. Applications are available from the tax collector’s office or online.
Once accepted into the installment plan, the property will remain on the plan until the taxpayer requests to be dropped from the plan or whenever a first installment payment is not made by July 30. Once dropped from the installment plan, the taxpayer must reapply to participate the following year. Estimated taxes for installment payments are divided into four payments to be made in June, September, December, and March. The June payment may be paid during July with a 5% penalty. The December and March installments are adjusted to reflect increases or decreases on the actual certified current year’s tax roll. The following is a payment schedule for the installment plan:
First Installment: ¼ of the total amount of estimated taxes (prior year’s gross taxes) less 6% discount.
Payment is due by June 30 to receive discount. Payments made after June 30 and before July 30 will receive no discount, and a 5% penalty will be assessed.
Second Installment: ¼ of the total amount of estimated taxes (prior year’s gross taxes) less 4½% discount.
Payment is due no later than September 30.
Third Installment: ¼ of the total amount of estimated taxes (prior year’s gross taxes) plus ½ of any adjusted increase or decrease made on actual certified current year tax roll, less 3% discount.
Payment is due no later than December 31.
Fourth Installment: ¼ of the total amount of estimated taxes (prior year’s gross taxes), plus ½ of any adjusted increase or decrease made on actual certified current year tax roll. NO DISCOUNT.
Payment is due no later than March 31
Accounts participating on the installment plan are subject to penalties, interest, tax certificates, and tax deed applications if payments are not paid in full by March 31.
Florida Statutes now, at the discretion of the tax collector, allow for partial payments to be made toward current taxes. If a property owner decides to make a partial payment, the following apply:
- application must be submitted with the payment;
- no discount applies;
- cannot be made after March 31; AND
- $10 processing fee deducted from each partial payment received.