The Veritas Real Estate Group, Inc.

Florida properties are appraised by the county  January 1 of every year and a tax lien is placed on the property. This tax amount does not become public information until the tax bills are sent out the first week of November. Interestingly, the taxes are not due until March 31 of the following year. That is why we say that properties taxes are paid in arrears. If you pay early, you get a discount; 4% in November, 3% in December, 2% in January and 1% off in February. If you have a mortgage loan in which a portion of the property tax is included in every monthly payment, the loan servicer is responsible for paying the tax in November so that the homeowner receives the maximum 4% deduction.

Remember that if you paid cash when you purchased your home or you chose not to have the property tax included in your monthly mortgage payment, try to pay your bill in November so that you receive the maximum discount.