Understanding Your Florida 2005 Property Tax Bill

Real Estate and Tangible Personal Property Tax Billscauses--or enhanced during the year through
May Now Be Paid at a DiscountTaxes paid--i.e.,remodeling, renovation or expansion, vertical or
received by the Tax Collector--duringNovember arehorizontal.Upon completion of the certified tax roll,
subject to a 4% discount;December are subject to athe Property Appraiser delivers the certified tax roll
3% discount;January are subject to a 2%to the Tax Collector who mails tax notices to the
discount;February are subject to a 1%last owner of record and collects moneys due to the
discount.Taxes paid after March 31 are delinquent andvarious taxing authorities.Combined Tax Notices are
are subject to penalties and 1 1/2% delinquentmailed each year in November for the calendar year
interest per month.As of this writing, bills have beenJanuary through December. For instance, tax bills
mailed out on every parcel of real estate and everymailed in November 2005 are for calendar year
folio of taxable tangible personal property inJanuary through December 2005. Taxes become
Florida.Real property taxes are ad valoremdelinquent on April 1 each year, at which time
assessments on parcels of land, buildings andadditional interest and fees are added to the bill.
improvements to land and buildings within Miami-DadeDiscounts do not apply to delinquent
County. The real property tax notice also includespayments.According to section 197.122, Florida
non-ad valorem assessments levied against theStatutes, the taxpayer is "held to know" when taxes
property.Both types of taxes appear on the sameare due and payable. If a taxpayer does not receive
tax bill and are subject to enforcemenet anda tax notice in November, it is the taxpayer's
collection in the same way.Ad valorem taxes typicallyresponsibility to contact the Tax Collector's Office to
appear at the top of the tax bill and non-advolrem atrequest a duplicate tax notice.The Miami-Dade Board
the bottom."Ad valorem" means "on the value."of County Commissioners, municipal governments and
These are taxes based on the valuation of thevarious governing bodies set the millage rates for
property taxed. Ad valorem taxes include real estate,properties within their boundaries. One mill equals
tangible peronal; property and intangible personal$1.00 per $1,000 of property value.You may estimate
property.Non-ad valorem assessments are fees foryour real property ad valorem tax by using the
services such as Solid Waste, Fire, Lighting, Guardassessed value, minus any exemptions, multiply by
and other special assessments.Real property taxthe millage rate and divide by 1,000. For instance,
notices are mailed to the owner and address of$100,000 in taxable value with a millage rate of
record on or before November 1 of each year for5.0000 divided by 1,000 would generate $500 in
the calendar year, January through December.Thetaxes.Non-ad valorem assessments must be added
property values are based on a valuation prepared byto real property tax, if applicable for the estimate to
the Property Appraiser as of January 1. The samebe accurate. Non-ad valorem assessments do not
value carries through for the entire year, evenapply to tangible personal property.You may access
though the value of the property may be reducedtables of recent millage rates from the Property
during the year by fire, demolition, hurruicane or otherAppraiser, or historical millage rates below.