New Law Allows County To Deny Your Tax Appeal

Written by on 11.28.12 in Investment Trends - No comments

The State of Florida recently passed a new law (Florida Statute 194.014), which is both good and bad.  Here are some of the main points:

You Must Pay To Play: 

  • If you appealed your property taxes, you still must pay them before April 1st1
  • If you do not pay by April 1st, the County will automatically deny your appeal

12% Interest Payments: 

  • If you win your appeal, the County will refund you the difference, and THE COUNTY PAYS YOU 12% INTEREST on the refund amount, from April 1st until the County issues the refund.
  • If you do not pay all of your property taxes before April 1st, YOU PAY THE COUNTY 12% INTEREST on the unpaid amount until paid.

Good Part: 

  • You can make 12% interest on your overpayment in property taxes
  • County now has a big incentive to speed up the time it takes to schedule your property tax appeal

Bad Part: 

  • If you don’t pay, or underpay the property taxes, you will owe the government 12% interest.  (This can’t happen so long as you pay all your property taxes before April 1st)
  • Even if you know with absolute certainty that your property taxes will be reduced upon appeal, you have to pay the full amount before April 1st in order for your tax appeal to take place


1 The Statute requires the property owner pay to pay 100% of the “non-ad valorem assessments”, and make a partial payment of at least 75% of the “ad valorem taxes”, less the applicable discount under FL. Statute 197.172.  Due to the 12% interest requirements within the Statute, it is highly recommended that you pay 100% of their entire property taxes, less the applicable discounts under FL Statute 197.172


Source:  PTAG

Leave a Comment