Q: When are property taxes due in Levy County for the current fiscal year?
A: Property taxes are due by March 31st annually. Early payment discounts are available: 2% discount if paid in January and 1% discount if paid in February.
Q: What is the Homestead Exemption and how do I apply?
A: The Homestead Exemption reduces your property's taxable value by up to $50,000 for your primary residence. This is an exemption (reduces assessed value), not a credit. You must apply with the Levy County Property Appraiser by March 1st of the year you want the exemption to take effect. It is not automatic.
Q: How does Save Our Homes work?
A: Save Our Homes caps the annual increase in your homesteaded property's assessed value to 3% or the Consumer Price Index, whichever is lower. This limits assessment growth but does not reduce market value. You must have a valid homestead exemption to qualify.
Q: Are there other tax credits available?
A: Yes, Florida offers various tax credits including Senior Exemption (additional $50,000 for qualifying seniors), Disability Exemption, Veterans' Exemptions, and others. Most require separate applications with specific deadlines and eligibility requirements.
Q: When does the Property Appraiser assess properties?
A: Property assessments are conducted annually with values established as of January 1st. Assessment notices are typically mailed in summer, with appeal deadlines usually in August or September.
Q: What happens if I pay my taxes late?
A: Late payments incur penalties and interest. Properties become tax delinquent if not paid by March 31st, and tax certificates may be sold to investors. Eventually, unpaid taxes can lead to tax deed sales.
Q: Can I pay property taxes online?
A: Yes, the Levy County Tax Collector typically offers online payment options through their official website. Check the Tax Collector's website for accepted payment methods and any associated processing fees.
Q: Why do my taxes vary from my neighbor's if our homes are similar?
A: Tax amounts can vary due to different assessed values, varying exemptions/credits, different purchase dates affecting Save Our Homes benefits, and potentially different special taxing districts depending on exact property locations within the county.
