“Ad valorem” is a Latin phrase
meaning “according to worth.” Ad valorem taxes
are levied on real property and objects of tangible personal
property. Ad valorem taxes are collected on an annual basis.
Collection of the real estate taxes and non-ad valorem special
assessments begins November 1st for the tax year January through
December. The office of the Property Appraiser establishes
the value of the property and the Board of County Commissioners
and other taxing authorities set the respective millage rates.
Using the ad valorem values, and allowing for exemptions,
the tax roll is completed by the Property Appraiser. The certified
non-ad valorem assessments roll is merged with the certified
ad valorem roll. From this information, the Tax Collector
prints and mails the tax notice to the owner’s last
recorded address as it appears on the tax roll. IT
IS THE RESPONSIBILITY OF EACH PROPERTY OWNER TO SEE THAT THEIR
TAXES ARE PAID, AND THAT THEY DO INDEED RECEIVE A TAX BILL.
In the case where the property owner’s taxes are paid
through an escrow account, the mortgage company should request
the tax bill from the Tax Collector and the property owner
will receive an information tax bill.
4% by November 30th
3% by December 31st
2% by January 31st
1% by February 28th
Gross amount by March 31st
Taxes become delinquent April 1st of each year, at which
time a 3% penalty is added to the total amount due.
Any changes to the tax roll (name, address, location, assessed
value) must be processed through the Property
Appraiser’s Office, (352) 253-2150.