Florida Law requires that your estimated taxes must be more than $100.00 per tax notice in order to participate in the Installment Payment Plan. If your estimated taxes are $100.00 or less you do not qualify for this plan. To participate in the installment payment plan, the taxpayer must submit an application to the Tax Collector before May 1 and make the first payment no later than June 30.
You must make the first installment payment not later than June 30th in order to participate in this plan. Once you have elected to participate in the installment payment plan by timely paying the first payment you are required to continue participation for the tax year. If you elect to discontinue participation, you will not be entitled to receive the discounts provided by law. Installment payments that become delinquent shall be paid with the next installment payment. Discounts will not be allowed on delinquent payments.
Annual renewal is automatic as long as the June Payment is made each year.
The following is the payment schedule:
1 st Installment: 1/4 the total estimated taxes discounted at 6%. Payment required by June 30.2 nd Installment: 1/4 the total estimated taxes discounted 4.5%. Payment required by September 30.
3 rd Installment: 1/4 the total estimated taxes plus 1/2 of any adjustment for actual tax liability discounted 3%. Payment required by December 31.
4 th Installment: 1/4 the total estimated taxes plus the other 1/2 of any adjustment for actual tax liability. Payment Required by March 31.
Delinquent installment payments must be paid in full with the next installment. Any amount remaining unpaid on April 1 is treated as delinquent taxes.
Notice & Application for Alternative Payment of 2008 Property Taxes