Paying real estate property taxes is a bummer.
However, if you want to save a bit of money on your property taxes, Hillsborough county offers a solution! Taxpayers can save a percentage on their real estate property tax bills when enrolling in the quarterly payment installment plan.
How to apply
Applications for the installment payment plan open November 1st in the year prior to the application period (for instance, applications for the 2023 installment plan program open on November 1 2022). Applications must be submitted before May 1st of the tax year that is being paid. As long as your first real estate property tax payment is made each year, the taxpayer doesn’t have to reapply for this program!
Apply HERE.
Payment Schedule and Savings
1st Payment – Due by June 30
One quarter of previous year’s gross tax discounted 6%.
2nd Payment – Due by September 30
One quarter of previous year’s gross tax discounted 4.5%.
3rd Payment – Due by December 31
One quarter of previous year’s gross tax plus one-half of any adjustment to current taxes, discounted 3%.
One quarter of previous year’s gross tax plus one-half of any adjustment to current taxes, discounted 3%.
4th Payment – Due by March 31
One quarter of previous year’s gross tax plus one-half of any adjustment to current taxes, no discount.
One quarter of previous year’s gross tax plus one-half of any adjustment to current taxes, no discount.
Please refer to the Hillsborough County Tax Collector’s website for more information about this program and other important information regarding Hillsborough County property taxes.
Article by Lindsey Cox of HD Showings and StratCat SEO & Digital Marketing
