Q: When are property taxes due in Indian River County for fiscal year 2025-2026?
A: Property taxes are due by March 31, 2026. Early payment discounts are available: pay in January for maximum discount, February for partial discount, or March by the 31st deadline to avoid penalties.
Q: What homestead benefits are available and how do I apply?
A: The $50,000 homestead exemption reduces your taxable assessed value and caps annual assessment increases at 3% under Florida's Save Our Homes law. You must apply by March 1st at the Property Appraiser's office with proof of residency and ownership. This benefit is not automatic and requires annual verification of primary residence status.
Q: Are there additional tax reductions for seniors or veterans?
A: Yes, additional exemptions are available including senior citizen exemptions for qualifying low-income seniors and veteran disability exemptions. These require separate applications with income documentation or military service records. Contact the Property Appraiser at (772) 226-1420 for specific eligibility requirements and application deadlines.
Q: How can I appeal my property assessment?
A: Property assessments can be appealed through the Value Adjustment Board if you believe your assessed value exceeds market value. Appeals must be filed by the statutory deadline (typically July 1st) and require evidence supporting your claimed value such as recent appraisals or comparable sales data.
Q: What happens if I pay my property taxes late?
A: Late payments incur penalties and interest charges that accrue monthly. Properties with delinquent taxes may eventually face tax certificate sales or tax deed proceedings. Contact the Tax Collector immediately at (772) 226-1410 if you cannot meet the March 31st deadline to discuss payment options.
Q: Can I pay my property taxes online?
A: Yes, the Indian River County Tax Collector provides online payment options through their official website. You can pay by bank transfer or credit card, though convenience fees may apply for credit card payments. Property tax bills are also mailed to the property address and mortgage company if you have an escrow account.
Q: Why did my tax bill increase if my millage rate stayed the same?
A: Tax bills can increase due to higher assessed values from the Property Appraiser's annual revaluation, new special district assessments, or expiration of exemptions. Even with the Save Our Homes 3% cap, market improvements and inflation can drive assessment increases up to that limit.
Q: How do special taxing districts affect my bill?
A: Indian River County has numerous special districts for services like fire protection, libraries, drainage, and municipal services. Your total tax rate includes charges from all districts serving your property location. The same home value can have different tax bills depending on which special districts provide services to that address.
