Miami homes

Real Estate Tax Schedule in Miami-Dade County

In Miami-Dade County, real estate taxes are an essential source of revenue used to fund local government services such as schools, public safety, infrastructure maintenance, and more. Here's an in-depth look at the tax schedule:

1. Tax Year Duration (January through December)

The tax year in Miami-Dade County aligns with the calendar year, starting in January and ending in December. During this period, property owners are responsible for paying their property taxes based on the assessed value of their properties.

2. Tax Notices (Mailed by November 1st)

To inform property owners of their tax obligations, the Miami-Dade County Tax Collector's office typically mails out tax notices on or before November 1st of each year. These notices provide critical information, including the assessed value of the property, the tax amount due, and the due date.

Discounts for Early Payment:

  • 4% Discount (November): Property owners who pay their taxes in full during the month of November are eligible for a 4% discount on their total tax bill.
  • 3% Discount (December): If paid in December, a 3% discount applies, still providing an opportunity for savings.
  • 2% Discount (January): Payments made in January come with a 2% discount, incentivizing property owners to settle their taxes early.
  • 1% Discount (February): For those who pay in February, there's a 1% discount available.

Delinquency and Penalties (Starting April 1st)

It's crucial to adhere to the tax payment schedule to avoid penalties in Miami-Dade County. Here's what happens if taxes become delinquent:

Delinquency Date: Real Estate Taxes in Miami-Dade County become delinquent on April 1st of the year following the assessment year. For example, if the tax year is 2023, taxes for that year become delinquent on April 1, 2024.

Penalty (3%): Once a tax bill becomes delinquent, a 3% penalty is added to the gross tax amount due. This penalty increases the overall amount that the property owner must pay.

Discounts No Longer Apply: After April 1st, the discounts mentioned earlier no longer apply to delinquent payments. Property owners are required to pay the full tax amount along with the 3% penalty.

For property owners with questions, concerns, or inquiries about their real estate taxes in Miami-Dade County, it is highly advisable to contact the local tax collector's office. They can provide personalized assistance, help with payment options, and address any specific issues related to property taxes.

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