When is the typical timeline for property taxes to be paid in Florida?

In Florida, property taxes are typically paid in arrears, meaning they are due after the tax year has ended. This practice aligns with the fiscal timing of property tax assessments and collections in the state. Property taxes for a given year are assessed based on the property value as of January 1 of that year, with the tax bills usually being issued in November. Homeowners then have until March 31 of the following year to pay the taxes to receive the maximum discount. The collections occur after the property tax year has concluded, hence the term “in arrears.”

This timeline is essential for property owners to understand, as it affects budgeting and financial planning related to property ownership. The correct understanding of this cycle ensures that property owners can meet their tax obligations without incurring penalties, as taxes may add up significantly over time if not addressed promptly.