 |
|
||
 |
|
||
 |
|
||
 |
|
||
 |
|
||
 |
|
||
 |
|
||
 |
|
||
General Information
The homestead tax deferral plan allows you to defer payment of taxes and assessments under certain conditions. It is designed for people whose income is low relative to their total tax bill and who are entitled to claim homestead exemption.
 |
How do I qualify for the Tax Deferral Plan? |
|
When do the taxes become due and payable? |
|
What else do I need to know? |
|
How do I apply? |
|
Tax Deferral Application Form |
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
In order to qualify for the homestead tax deferral plan you must:
- Be qualified to claim the homestead exemption.
- Submit proof of fire and extended coverage home insurance that is in excess of liens and deferred taxes.
- Provide proof of income from the previous year.
- Provide proof that the insurance policy has a loss payable clause to the Tax Collector and a clause obligating the carrier to notify the Tax Collector of cancellation or non-renewal.
- If you have a home mortgage, it cannot exceed 70% of the assessed value of the home.
-
Have
no liens or deferred taxes totaling more than 85% of the assessed
value of the home.
When
do the taxes become due and payable?
The total amount of deferred taxes and interest becomes due and payable if any of the following occurs:
-
You are no longer eligible for the homestead exemption.
-
There is a change in the ownership of your property.
-
The total amount of liens exceeds 85% of the assessed value of your property.
-
You fail to respond to the annual notification requesting a list of current liens against your property.
-
You fail to maintain fire and extended coverage insurance.
The deferral is a lien against your property. Interest accrues on the deferred amount until it is paid. Interest may not exceed 7% per year.
Application for the deferred plan must be made each year on or before January 31st. You may request application forms from our office by calling (772) 226-1343 or you can print them from this web site.
General Disclosure: Accuracy of the information provided on this web site is not guaranteed for legal purposes as changes may occur daily.
To get the most current information, please contact the Indian River County Tax Collector’s office.
Website developed and maintained by Point And Pay, Inc.