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INDIAN RIVER COUNTY, FLORIDA
<br />PROPERTY TAX LEVIES AND COLLECTIONS
<br />Last Ten Fiscal Years
<br />Fiscal Total Current Percent Delinquent Total Percent
<br />Year Tax Tax Coll- of Levy Tax Tax of Total
<br />Ended Levy ections Collected Coll- Coll- Collection
<br />ections ections To Levy
<br />1981 8,351,587 8,190,343 98.07 8,242 8,198,585 98.17
<br />1982 9,129,460 8,704,138 95.34 184,000 8,888,138 97.36
<br />1983 9,276,416 8,956,111 96.55 10,511 8,966,622 96.66
<br />1984 12,926,975 12,412,543 96.02 9,258 12,421,801 96,09
<br />1985 15,186,814 14,423,407 94.97 26,216 14,449,623 95,15
<br />1986 17,709,388 16,970,965 95.83 42,828 17,013,793 96.07
<br />1987 22,292,164 21,146,969 94.86 27,719 21,174,688 94.99
<br />1988 27,551,218 27,041,829 98.15 277,384 27,319,213 99.16
<br />1989 28,110,296 26,916,117 95.75 93,088 27,009,205 96.08
<br />1990 32,890,687 31,471,607 95.69 77,376 31,548,983 95.92
<br />All taxes are due and payable on November 1 of each year or
<br />as soon thereafter as the assessment roll is certified and
<br />delivered to the Tax Collector. All unpaid taxes become delinquent
<br />on April 1 following the year in which they are assessed.
<br />Discounts are allowed for early payment at the rate of 4% in the
<br />month of November, 3% in the month of December, 2% in the month of
<br />January and 1% in the month of February. The taxes paid in March
<br />are without discount.
<br />Delinquent taxes on real property bear interest of 18% per
<br />year. On or prior to June 1 following the tax year, certificates
<br />are sold for all delinquent taxes on real property. After sale,
<br />tax certificates bear interest of 18% per year or at any lower
<br />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
<br />period of two years. Unsold certificates are held by the County.
<br />Delinquent taxes on personal property bear interest of 18%
<br />per year until the tax is satisfied either by seizure and sale of
<br />the property or by the five-year statute of limitations.
<br />The County does not accrue its portion of the county -held
<br />certificates due to the immaterial amount.
<br />A-11
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