The quarterly installment plan allows taxpayers to pay their real estate and tangible personal property taxes in four installments throughout the year. For many taxpayers, splitting their tax bill into four smaller payments is a helpful way to manage their household budget. Participants in the installment plan receive a discount of approximately 3.5% of their total tax bill.
How to Apply:
1) Click here to search for your property
2) Select "Apply for the Installment Plan"
3) Fill out the required fields and submit application between November 1 and April 30 of the current tax roll year
Who can Participate?
Property owners with an estimated tax bill of more than $100 are eligible. To participate, taxpayers may apply online by following the instructions above, emailing a paper application to ssanchez@monroetaxcollector.com, or applying in person by April 30 of the current tax year. For example, to pay your 2022 taxes by installment, we must receive your application by April 30, 2022. Once you are enrolled and the first installment payment is made, you do not have to reapply every year, as long as the first installment payment is made every year.
When are the payments due?
- 1st Payment – June 30
One quarter of previous year’s gross tax discounted 6%. - 2nd Payment – September 30
One quarter of previous year’s gross tax discounted 4.5%. - 3rd Payment – December 31
One quarter of the current year’s adjusted tax amount discounted 3%. - 4th Payment – March 31
One quarter of the current year’s adjusted tax amount, no discount. Taxes become delinquent on April 1, at which time interest and other applicable costs are added to the gross tax amount.
Helpful Hints
- If the first payment in June is not made on time, the taxpayer has the option to make the first quarterly payment by July 31. However, in this case, the taxpayer loses the discount.
- Taxpayers who do not make the first installment payment by July 31 will be returned to an annual payment status, and future participation will require reapplication.
- If the second or third payment is not made on time, the overdue amount is added to the next installment payment. However, missed installment payments result in the loss of the appropriate discount. Any amount remaining unpaid on April 1 is subject to all provisions of law pertaining to delinquent taxes. Taxes become delinquent on April 1, at which time interest and other applicable costs are added to the gross tax amount.
- Once the first payment has been made, the taxpayer will continue to receive quarterly tax notices, which are due upon receipt.
- To cancel the installment plan, do not pay the first installment bill and you will receive a tax bill on November 1.
Florida law allows taxpayers to make partial payments on real estate and tangible personal property taxes for the current year only. Partial payments cannot be made for delinquent taxes. No partial payments can be made after March 31. Taxes become delinquent on April 1, at which time interest and other applicable costs are added to the gross tax amount.
Taxpayers who make partial payments will forfeit all discounts applied to early payments. Additionally, the minimum amount accepted for each partial payment is $100, and there is a $10 processing fee for each payment. All taxes must be paid by March 31 to avoid becoming delinquent, at which point interest and additional fees will be added to the remaining balance. If the balance is not paid by May 31, a tax certificate will be sold.
Application
Partial payment applications for 2022 property taxes will be accepted from November 1, 2022, through March 31, 2023.
Points to remember
- Partial payments forfeit all discounts.
- The minimum amount for each payment is $100.
- There is a $10 processing fee for each payment.
- It is the responsibility of the taxpayer to maintain the records for the balance due.
- The total tax due must be paid by March 31 to avoid becoming delinquent. Taxes become delinquent on April 1, at which time interest and other applicable costs are added to the gross tax amount.
March 31 is the last day a partial payment can be made. Taxes become delinquent on April 1, at which time interest and other applicable costs are added to the gross tax amount.
Under Florida law, anyone entitled to claim a homestead exemption may be eligible to defer payments of property taxes and non-ad valorem assessments. The tax deferral plan is designed for those with low incomes relative to their total tax bill. Deferring payment of your taxes, however, will add a lien to your property. Deferred taxes accrue interest each month until the taxes are paid.
Click here for more information on the Homestead Tax Deferral Program