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i <br /> RESOLUTION NO , 2011 - 014 <br /> A RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS <br /> OF INDIAN RIVER COUNTY , FLORIDA , IN OPPOSITION TO <br /> INCREASING DISCOUNT RATES FOR EARLY PAYMENT OF <br /> PROPERTY TAXES CONTAINED IN SENATE BILL 270 AND <br /> HOUSE BILL 511 <br /> WHEREAS , currently , 197 . 162 F . S . provides a 4 % discount to <br /> property owners who pay their property taxes in full by November 30 , <br /> a 3 % discount if the taxes are paid by December 31 , a 2 % discount if <br /> the taxes are paid by January 31 and a 1 % discount if the taxes are <br /> paid by February 28 ; and <br /> WHEREAS , Senate Bill 270 proposes to amend 197 . 162 F . S . to <br /> provide for a 100 % increase in the discount rates for early payment <br /> of property taxes as follows : an 8 % discount to property owners who <br /> pay their property taxes in full by November 30 , a 6 % discount if the <br /> taxes are paid by December 31 , a 4 % discount if the taxes are paid by <br /> January 31 and a 2 % discount if the taxes are paid by February 28 ; <br /> and <br /> WHEREAS , 197 . 222 F . S . also provides discounts for early payment <br /> of taxes by property owners who pay their estimated taxes by the <br /> installment method as follows : a 6 % discount to property owners who <br /> pay one quarter of their estimated property taxes by June 30 , a 4 . 5 % <br /> discount if the second installment of taxes is paid by September 30 <br /> and a 3 % discount if the third installment of taxes is paid by <br /> December 31 ; and <br /> WHEREAS , Senate Bill 270 also proposes to amend 197 . 222 F . S . to <br /> increase the discounts for early payment of taxes by property owners <br /> who pay their estimated taxes by the installment method as follows : a <br /> 12 % discount to property owners who pay one quarter of their <br /> estimated property taxes by June 30 , a 9 % discount if the second <br /> installment of taxes is paid by September 30 , a 6 % discount if the <br /> third installment taxes is paid by December 31 ; and <br /> WHEREAS , Senate Bill 270 also proposes to amend 200 . 065 F . S . to <br /> lower the percentage of certified taxable value to be used by taxing <br /> authorities in preparing tentative budgets from 95 % to 91 % ; and <br /> WHEREAS , House Bill 511 also proposes to amend 197 . 162 F . S . to <br /> increase the discount rate for early tax payments to provide for a <br /> 10 % discount for payments received by November 30 but eliminates all <br /> other discounts ; and <br /> 1 <br />