Everything You Need To Know About Duval County Property Tax
What Is Duval County Property Tax?
Property tax is one of the most common taxes in the United States. Property tax is paid by the local government to support the public schools, roads, police and fire departments, and other necessary government services. In Duval County, Florida, property tax is assessed and collected by the Duval County Tax Collector. The Duval County Tax Collector is responsible for determining the value of all taxable property in the county, collecting taxes, and distributing the revenue to the local taxing authorities.
How Does Duval County Property Tax Work?
Duval County property taxes are based on the assessed value of a property. Property values are determined by the Duval County Property Appraiser. The appraised value is used to calculate the amount of taxes due. Each property owner is responsible for paying the property tax on an annual basis. The tax rate is based on the millage rate set by the local governing authorities.
What Is the Current Millage Rate in Duval County?
The current millage rate in Duval County is 8.2175. This rate is made up of 6.1845 mills for the general funds and 2.033 mills for debt service. The millage rate is set each year by the Duval County Board of County Commissioners and can change from year to year.
How Is Duval County Property Tax Calculated?
The amount of property tax due is determined by multiplying the assessed value of the property by the millage rate. For example, if a property has an assessed value of $100,000 and the millage rate is 8.2175, the total property tax due is $821.75. This amount is due each year on or before March 31st.
What Are the Exemptions for Duval County Property Tax?
Duval County offers several types of property tax exemptions. These exemptions may reduce the amount of taxes due. The most common exemptions are homestead, widow/widower, disability, and age 65 or older. To apply for any of these exemptions, you must submit an application to the Duval County Property Appraiser's office. Applications are due on or before March 1st of each year.
What Are the Penalties for Late Payment of Duval County Property Tax?
If you fail to pay your property tax on or before March 31st, you will be subject to late fees and penalties. The late fees are calculated by multiplying the amount of taxes due by 1.5%. In addition, you may be charged a penalty of 3% of the amount due if payment is not received within 45 days of the due date. If payment is not received within 90 days, a penalty of 5% of the amount due will be assessed.
Is There Any Way to Appeal a Property Tax Assessment?
If you believe your property has been assessed incorrectly, you may file an appeal with the Duval County Value Adjustment Board. The board is responsible for hearing appeals and making a determination on the validity of the assessment. The board will consider evidence from both the property owner and the property appraiser before making a decision.
What Is the Best Way to Keep Track of Duval County Property Tax?
The best way to keep track of your Duval County property tax is to sign up for the County's property tax notification service. This service will notify you when your property taxes are due as well as when they have been paid. You can also use the County's online portal to view your tax information, pay your taxes, and view any exemptions that you may have.
What Are the Benefits of Paying Duval County Property Tax?
Paying your Duval County property tax on time provides several benefits. First, it helps support the local government and the services that they provide. Second, if you pay your taxes on time, you may be eligible for discounts. Finally, paying your taxes on time will help you avoid late fees and penalties.