Q: When are Marion County property taxes due for FY 2024-2025?
A: Property taxes are due March 31, 2025, but early payment discounts are available: 4% discount in November 2024, 3% in December, 2% in January 2025, and 1% in February 2025.
Q: What tax exemptions are available and do they require application?
A: The primary exemption is the Homestead Exemption (up to $50,000 reduction in assessed value), which REQUIRES annual application by March 1st. Additional exemptions include Senior Exemption (additional $50,000 for qualifying seniors), Disabled Veterans Exemption, and Surviving Spouse of Public Safety Officer Exemption. All exemptions require separate applications and documentation.
Q: How does the Homestead Exemption work?
A: The Homestead Exemption provides two benefits: (1) reduces assessed value by up to $50,000, and (2) caps annual assessment increases at 3% under Florida's "Save Our Homes" law. You must apply by March 1st following purchase, and the property must be your primary residence as of January 1st.
Q: When does the county assess property values?
A: Marion County assesses all properties annually as of January 1st. Property owners receive TRIM (Truth in Millage) notices in August showing proposed assessments, with final tax bills mailed in November. Assessment appeals must be filed by the 25th day after the Value Adjustment Board notice is mailed.
Q: What are the penalties for late payment?
A: Properties become delinquent April 1st, with 3% interest charged monthly thereafter. Tax certificates are sold in late May/early June, and properties can face tax deed sales after two years if taxes remain unpaid.
Q: Can I pay property taxes online?
A: Yes, Marion County offers online payment through the Tax Collector's website at www.mariontaxcollector.com. Payments can be made by credit card, debit card, or electronic check, though convenience fees may apply.
Q: Why do property tax rates vary within Marion County?
A: Tax rates depend on which special taxing districts serve your property location. These may include different municipal taxes, fire districts, library districts, and other special assessments. Two homes of equal value can have significantly different tax bills based on their specific district combinations.
Q: How do I find out my exact tax rate and district information?
A: Contact the Marion County Property Appraiser at (352) 438-2500 or visit www.pa.marion.fl.us. Enter your address to see all applicable taxing districts and current millage rates for your specific property location.
