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A B
C D E F G H I J K L M N
O P Q
R S T
U V W X Y Z
Ad Valorem
A Latin term meaning "according to worth," referring
to taxes levied on the basis of value. Taxes on real estate
and tangible personal property are ad valorem.
Appraisal
The dollar value assigned to a person's property by the Property
Appraiser. This amount, less any exemptions, is the
basis of the ad valorem portion of the tax.
Assessment
The actual amount of tax a person owes. The ad valorem
portion is based on the appraised value of the property, less
exemptions, multiplied by the millage rate.
Millage Rate
The rate of taxes levied based on a mill (1/10 of one
cent) or one dollar per one thousand dollars of taxable value.
A 30-mill tax rate levied against a taxable value of $100,000
would generate a $3,000 tax liability.
Non-ad Valorem Tax
Assessment that is not based on millage and value; usually
flat amount of dollars per acres, housing unit, lot, etc.
(e.g. Solid Waste Authority fees are based on the type of
property producing the waste.)
Parcel
A geographically described tract of land for which a deed
exists.
Property Control Number
A 17-digit number identifying real
property.
Real Property
Land, buildings and improvements.
Tangible Personal Property
All goods and other articles of value known as fixtures, furniture,
machinery and equipment. For taxation purposes in Florida,
inventory, vehicles and household goods are not considered
tangible personal property. Click
here for more info >
Tax Certificate
A first-lien instrument offered for sale by the Tax Collector
through competitive bid to pay delinquent taxes. A tax
certificate expires seven (7) years from the date issued.
Click here for more info >
Tax Deed Application
A legal document filed with the Tax Collector by the holder
of a tax certificate to demand payment. The tax deed
may be applied for two (2) years from April 1 of the year
of issuance of the tax certificate. If the taxes are
not paid by the date set for the tax deed sale, the property
is sold by the Clerk of Court to the highest bidder. Click
here for more info >
Tax Lien
A lien for property taxes effective January 1 of the tax year.
Taxes are due November 1 and are payable prior to April 1
of the next year.
Taxable Property
Real property and tangible personal property.
Tax Warrant A legal document which commands the Tax Collector
to levy upon and sell personal property belonging to a tax
payer who hasn’t paid their Tangible Personal Property
Tax.
TRIM Notice (Truth In Millage)
A notice issued by the Property Appraiser’s office in
August of every year that states current property taxes and
proposed property taxes based on the budgets of all the taxing
authorities. Click
here for more info >
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