Q: When are property taxes due in Polk County for the current fiscal year?
A: For FY 2024-2025, property taxes are due by September 30, 2024 (first installment) and March 31, 2025 (second installment). You can pay the full amount by the first due date or split into two equal payments.
Q: What tax credits are available and do they require applications?
A: Available credits include the Homestead Credit (caps assessment growth), First-time Homebuyer Credit, Senior/Disabled Property Tax Deferral, and Veterans' Exemption. ALL credits require separate applications and are NOT automatically applied. Contact the Polk County Assessor's office for application forms and deadlines.
Q: How does the Homestead Credit work?
A: The Homestead Credit doesn't reduce your market value but limits how much your assessed value can increase each year (typically 3% maximum). You must apply for this credit - it's not automatic - and it only applies to your primary residence.
Q: What are the penalties for late payment?
A: Late payments incur a 1.5% penalty per month. If you miss both the September 30th and March 31st deadlines, additional penalties and interest apply, and your property could eventually face foreclosure.
Q: How do I pay my property taxes online?
A: Visit the Polk County website and use your tax account number from your tax statement. Credit/debit card payments incur a 2.5% convenience fee. Electronic check payments are available with NSF fees of $28.00 for insufficient funds.
Q: When are properties assessed and how can I appeal?
A: Properties are assessed annually as of January 1st. Assessment notices are typically mailed by October. You can appeal your assessment by contacting the Polk County Assessor's office within the appeal period specified on your notice.
Q: Why did my tax rate increase when I didn't vote for any new taxes?
A: Your effective rate can increase due to new special district levies, voter-approved bonds in your area, or changes in which taxing districts serve your property. Even without new taxes, shifting property values across the county can affect individual tax burdens.
Q: What triggers a supplemental tax bill?
A: Supplemental taxes are issued when you purchase property, complete new construction, or make major improvements that increase assessed value. These bills are separate from regular tax statements and typically due 30 days from issuance.
