Miami-Dade County Extends Early Property Tax Payment Discount

Print Friendly, PDF & Email

Miami-Dade County took advantage of Governor Rick Scott’s executive order and delayed the issuance of property tax bills until November 14, 2017. As a result, property owners in Miami-Dade County can benefit from the extended 4% early payment discount until December 13, 2017.

The governor issued a number of executive orders in anticipation of Hurricane Irma’s devastating i­­mpact across the state of Florida.  On September 4, 2017, he issued Executive Order 17-235, which empowered the Florida Department of Revenue to waive timing compliance requirements for all Florida counties. In response, the agency suspended payment deadlines and gave counties the opportunity to delay the issuance of property tax bills.

Broward, Collier and Palm Beach Counties decided not to delay the issuance of property tax bills. Tax collector offices in these counties mailed tax notices on November 1, 2017, therefore the 4% early payment discount period ends November 30, 2017.

As stated in Section 197.162 of the Florida Statutes, “discounts for payments made before delinquency shall be at the rate of 4% in the month of November or at any time within 30 days after the sending of the original tax notice.”

After December 13, 2017, standard provisions under Florida Administrative Code Rule 12D-13.002 apply in Miami-Dade County:

  • 3% discount for the remainder of December
  • 2% discount for payments made in January
  • 1% discount for payments made in February
  • No discount in March

The delinquency date of April 1, 2018, remains. If you need help navigating the property tax process, contact a member of Kaufman Rossin’s state and local tax practice.

_____

Ken Rios, J.D., is a tax principal in Kaufman Rossin’s Ft. Lauderdale office, where he specializes in state and local tax. Kaufman Rossin is one of the top CPA and advisory firms in the U.S. Ken can be reached at krios@kaufmanrossin.com

Daniel Wagner is an associate tax principal in Kaufman Rossin’s Boca Raton office, where he focuses on state and local tax. Dan can be reached at dwagner@kaufmanrossin.com.

Posted in Tax Planning
Tags:

Leave a Reply