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| Introduction |
There are two types of property taxes collected by the Tax Collector's office:
Real Estate Property taxes
Tangible Personal Property (TPP) taxes.
The taxes are broken into two categories:
- ad valorem: based on value placed on real property, which is assessed by the County Property Appraiser.
- non ad valorem: based on the fee charged by a special assessment which provides a benefit service (ie: Solid Waste, Street Lighting, ...)
Florida property taxes are:
Levied annually.
Must be paid in full and at one time (unless the property owner has filed for the installment program or for homestead tax deferrals).
Substantial discounts are extended for early payment.
Five months elapse before real property owners can be penalized for non-payment of taxes.
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| Delinquent Taxes |
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All unpaid real estate taxes become delinquent on April 1 each year, with a 3% penalty added to the taxes.
In the month of May the delinquent taxes are advertised in the local newspaper once a week for three (3)
consecutive weeks before a tax certificate sale is held following the payment deadline.
The advertising cost is added to the amount of the tax bill due.
On or before June 1, the Tax Collector is required by law to hold a tax certificate sale.
The certificates represent a lien on all unpaid real estate properties.
The sale allows citizens to buy a certificate by paying off the owed tax debt.
The sale is conducted in reverse auction style with participants bidding downward on interest rates starting at 18%.
The certificate is awarded to the lowest bidder.
All unpaid tangible personal property becomes delinquent on April 1 each year, with a 1.5% penalty added each month.
Within 45 days of delinquency the Tax Collector is required to advertise in the local newspaper all unpaid personal property taxes for one week.
If the taxes remain unpaid, a warrant will be issued.
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| Tangible Personal Property |
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Tangible Personal Property (TPP) tax is an ad valorem tax based on the following three categories:
Businesses - furnishings, fixtures, signs, supplies, and equipment used in the operation of business.
Mobile Home Attachments (when land is rented) - all attachments and additions such as carport, utility shed, and screened porch.
Rental Furnishings - furnishings and appliances provided in a rental unit.
Anyone in possession of assets on January 1 of each year must file a Tangible Tax return with the Property Appraiser's office no later than April 1 of each year.
Failure to file or late filing of a return is subject to penalties.
Any changes to the tax roll (name, address, location, assessed value) must be processed through the property appraiser's office.
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| Millage Rates |
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A rate set by the taxing authorities (City/County/etc.) used to reach their annual budgetary expenses.
The rate of 10 mils amounts to approximately $10 for every $1000 of the property's market value.
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| Millage Rate Table (2023) |
| County | 10.0000% |
| City of Mayo | 7.0000% |
| School | 5.3160% |
| SRWMD | 0.3113% |
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| Total County | 15.6273% |
| Total City of Mayo | 22.6273% |
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