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Total Current
<br />Tax Tax
<br />Year Levy Collections
<br />2001 $ 53,727,318 $ 52,148,971
<br />2002 59,184,019 56,856,770
<br />2003
<br />65,289,186
<br />2004
<br />72,306,331
<br />2005
<br />76,748,078
<br />2006
<br />87,754,823
<br />2007
<br />102,986,045
<br />2008
<br />103,700,766
<br />2009 97,439,623
<br />2010 87,360,868
<br />62,668,552
<br />69,906,761
<br />73,991,702
<br />84,736,835
<br />99,404,127
<br />99,716,496
<br />94,107,423
<br />84,431,741
<br />Indian River County, Florida
<br />Property Tax Levies And Collections
<br />Last Ten Fiscal Years Schedule 9
<br />Percent of
<br />Current Tax
<br />Delinquent
<br />Collections
<br />Tax
<br />To Tax Levy
<br />Collections (1)
<br />97.06%
<br />$ 158,661 $
<br />96.07
<br />95,364
<br />95.99
<br />7,797
<br />96.68
<br />176,345
<br />96.41
<br />111,220
<br />96.56
<br />34,344
<br />96.52
<br />61,566
<br />96.16
<br />48,241
<br />96.58
<br />273,002
<br />96.65
<br />171,392
<br />Percent of
<br />Total Total Tax
<br />Tax Collections
<br />Collections To Tax Levy
<br />52,307,632
<br />97.36%
<br />56,952,134
<br />96.23
<br />62,676,349
<br />96.00
<br />70,083,106
<br />74,102,922
<br />84,771,179
<br />99,465,693
<br />99,764,737
<br />94,3 80,425
<br />84,603,133
<br />96.93
<br />96.55
<br />96.60
<br />96.58
<br />96.20
<br />96.86
<br />96.84
<br />All taxes are due and payable on November 1 of each year or as soon thereafter as the assessment roll is certified and delivered
<br />to the Tax Collector. All unpaid taxes become delinquent on April 1 following the year in which they are assessed. Discounts
<br />are allowed for early payment at the rate of 4% in the month of November, 3% in the month of December, 2% in the month
<br />of January and I% in the month of February. The taxes paid in March are without discount.
<br />(1) On or prior to June 1 following the tax year, certificates are sold for all delinquent taxes on real property. After the sale, tax
<br />certificates bear interest of 18% per year or at any lower rate bid by the buyer. Application for a tax deed on any unredeemed
<br />tax certificates may be made by the certificate holder after a period of two years. Unsold certificates are held by the County.
<br />Delinquent taxes on personal property bear interest of 18% per year until the tax is satisfied either by seizure and sale of the
<br />property or by the seven year statute of limitations. The County does not accrue its portion of the County -held certificates due to
<br />the immaterial amount.
<br />Source: Indian River County Property Appraiser and Tax Collector provided the above information; consequently, the
<br />reported collections on this schedule will vary from the actual collections as reported on Schedule 5. The Tax Collector
<br />does not report the interest earnings on the collections, however, the Board includes those interest earnings as part of the total
<br />tax collection.
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