Q: When are property taxes due in Madison County?
A: Property taxes for the current fiscal year are due in full by March 31st. Early payment discounts are available: 4% discount for payments made in January, 3% discount for February payments, 2% discount for March payments, and 1% discount for payments made by March 31st. Taxes become delinquent on April 1st.
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. It also caps annual assessment increases at 3% under Florida's Save Our Homes law. You must apply with the Madison County Property Appraiser's office by March 1st. This is NOT automatic and requires a new application when you purchase a home.
Q: Can I transfer my Save Our Homes benefit when I move?
A: Yes, Florida's portability provision allows you to transfer up to $500,000 of your Save Our Homes benefit to a new homestead property within the state. You must apply for portability by March 1st of the first tax year you want the benefit, or within two years of establishing your new homestead.
Q: How do I appeal my property assessment?
A: If you believe your property is over-assessed, you can file a petition with the Madison County Value Adjustment Board. The deadline is typically 25 days after the Notice of Proposed Property Taxes is mailed, usually in late August or early September.
Q: What other tax credits are available?
A: Additional tax credits requiring application include: Senior Exemption (additional $50,000 for qualifying seniors), Disability Exemption, Veteran's Disability Exemption, and Widow/Widower Exemption. All require separate applications with the Property Appraiser's office and have specific eligibility requirements and deadlines.
Q: What happens if I pay my taxes late?
A: Delinquent taxes are subject to penalties and interest. Properties with unpaid taxes may be sold at a tax certificate sale. The Madison County Clerk's Office handles delinquent tax collection after April 1st.
Q: Can I pay my property taxes online?
A: Yes, Madison County accepts online property tax payments through the Tax Collector's website. Payment options typically include e-check and credit/debit cards, though credit card payments may include convenience fees.
Q: Why did my taxes increase even though I have Save Our Homes?
A: While Save Our Homes caps assessment increases at 3% annually, your total tax bill can still increase due to rising millage rates, new special district assessments, or improvements to your property. Changes in exemption eligibility can also affect your tax bill.
