As a Florida homeowner, it’s always nice to take advantage of savings wherever possible. Here’s a timely reminder: by paying your property taxes early – specifically, before November 30, 2024 – you can secure a discount on your tax bill! Here’s how it works and why paying early could be beneficial for your budget.
The Savings Breakdown
Florida offers homeowners a tiered discount on property taxes for early payment. The earlier you pay, the more you save:
- 4% Discount: If you pay your taxes in November (by the 30th)
- 3% Discount: If paid in December
- 2% Discount: If paid in January
- 1% Discount: If paid in February
These early payment discounts may seem small, but they can add up, especially for properties with higher assessed values.
Why Pay Early?
- Lower Total Tax Bill: Even a 4% discount can save hundreds of dollars.
- Avoid Late Fees: Missing the payment deadline can lead to additional penalties, so paying early ensures you stay on track.
- Plan Your Finances: Paying early and taking advantage of discounts can help you close out 2024’s finances on a high note, leaving fewer expenses to juggle at the year’s end.
How to Pay
Check with your county tax collector’s office for payment options, which usually include online, in-person, or mail payments. Many counties offer convenient online payment portals.
So, mark your calendar for November 30 and take advantage of the discount!