The State of Florida allows taxpayers to pay their real estate taxes on an installment plan if they so choose and if their estimated tax due is more than $100. Estimated taxes are based on the previous year’s gross tax amount.
To file for installment payments, please complete the DR-534 Application for Installment Payment of Property Taxes. (available Nov 1 to April 30)
Mail the completed form to:
To participate in the installment plan, an application must be received by the Tax Collector’s Office prior to May 1 of the tax year. From year to year, reapplication is not required provided the first installment payment is made no later than June 30 of that tax year.
The June and September quarterly installments are based upon the prior year’s gross tax. Any adjustments (new value, changes to exemptions) are made on the December and March quarterly installments after the current year tax roll is certified to the Tax Collector’s office. Any amount remaining unpaid on April 1 is subject to all the provisions of law pertaining to delinquent real estate taxes.
It should also be noted that if a property owner has an escrow account with a mortgage company, they should NOT be paying by installments, as mortgage companies are obligated to pay taxes in November to obtain the maximum discount for their accounts.