When discussing property taxes, non-ad valorem taxes often come up, leaving many homeowners scratching their heads. In this article, we'll delve into what is non ad valorem tax, how it differs from regular property taxes, and some examples you might encounter. We'll also touch on how these taxes are assessed, managed, and regulated according to Florida law. So let's get started!
In a nutshell, non-ad valorem taxes are special assessments that are not based on the assessed value of a property. Instead, these taxes are levied for specific services or improvements provided by a local government, municipal service, or special district. Common examples of non-ad valorem assessments include solid waste collection, stormwater runoff management, and street lighting.
In Florida, the regulations of the Florida Department of Revenue dictate how non-ad valorem taxes are assessed and collected. Additionally, the Board of County Commissioners and local governing boards, such as school boards and municipal governments, play a role in overseeing these taxes.
Each year, property owners receive tax notices that include both ad valorem (based on property value) and non-ad valorem taxes. These notices are typically sent out on November 1st. They include information about your property value, millage rates, and any special assessment districts that may apply. The combined notice of ad valorem taxes and non-ad valorem assessments can be found on your real estate tax bill.
The property appraiser's office is responsible for determining the assessed value of properties and maintaining public records related to property ownership. They can also provide additional information about non-ad valorem taxes and their levying authorities.
On the other hand, the tax collector's office handles the collection of taxes, including non-ad valorem assessments. They can assist with questions about payment, tax notices, and any other tax-related issues.
Non-ad valorem taxes can be levied for various services or improvements. Here are some common examples:
If you have a mortgage on your property, your mortgage company may collect and pay your non-ad valorem taxes through an escrow account. This helps ensure that your taxes are paid on time and avoids any penalties or interest. Contact your financial institution for more information about escrow accounts and non-ad valorem tax payments.
Florida law allows property owners to receive discounts for early payment of real estate taxes, including non-ad valorem assessments. By paying before the due date, you can save on your total amount due. Check your tax notice for early payment deadlines and applicable discounts.
While non-ad valorem taxes are not based on property value, certain tax benefits, such as the homestead exemption, can still impact your overall tax bill. Consult your local property appraiser's office for information about available exemptions and how they may affect your non-ad valorem taxes.
As a property owner, it's essential to stay informed about non-ad valorem taxes and how they affect your property tax bill. Here are some tips to stay engaged and informed:
Non-ad valorem taxes are special assessments levied on properties for specific services or improvements, unrelated to the property's assessed value. As a property owner, it's crucial to stay informed about these taxes and how they affect your overall tax bill. By understanding non-ad valorem taxes, attending public hearings, and staying engaged with your local government, you can better manage your property taxes and ensure you're paying your fair share.