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Indian River County, Florida
<br /> Property Tax Levies And Collections
<br /> Last Ten Fiscal Years Schedule 9
<br /> Percent of Percent of
<br /> Total Current Current Tax Delinquent Total Total Tax
<br /> Tax Tax Collections Tax Tax Collections
<br /> Year Levy Collections To Tax Levy Collections ( 1 ) Collections To Tax Levy
<br /> 1998 $ 45 ,087 ,396 $ 43 ,498 , 326 96 . 48 % $ 65 , 517 $ 43 , 563 , 843 96 . 62%
<br /> 1999 47 , 178 ,979 44, 985 , 116 95 . 35 % 132 , 335 455117 ,451 95 . 63 %
<br /> 2000 50 , 599 ,662 48 , 9361993 96 . 71 % 1081698 495045 , 691 96 . 93 %
<br /> 2001 53 , 727 ,318 52 , 148 ,971 97 . 06% 1581661 52, 307 , 632 97 . 36%
<br /> 2002 595184, 019 565856 , 770 96 . 07% 95 , 364 56 , 952, 134 96 . 23 %
<br /> 2003 65 ,2893186 62 , 668 , 552 95 . 99% 7 , 797 62 , 676 ,349 96 . 00%
<br /> 2004 72, 306 ,331 69 ,906 , 761 96 . 68% 1765345 70 , 083 , 106 96 . 93 %
<br /> 2005 76, 7485078 73 ,9911702 96 . 41 % 111 , 220 745102 , 922 96 . 55 %
<br /> 2006 87 ,754 , 823 84, 7365835 96 . 56 % 34 , 344 84, 771 , 179 96 . 60%
<br /> 2007 102 ,986 ,045 99 ,404, 127 96 . 52% 61 , 566 995465 , 693 96 . 58 %
<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 1 % 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
<br />, 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 five 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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