Real Estate Taxes Reminder

Miami-Dade real estate taxes are due on March 31, 2007. Most people that have a mortgage for a home have their bank create an escrow account for them. Basically the mortgage company takes a portion of each monthly mortgage payment and puts it in an account to pay the real estate taxes when they are due. For those people that don't have a mortgage or those that don't have an escrow account set up with their mortgage company, their real estate taxes are due on March 31st, 2007.

Miami-Dade County gives a discount every year for paying real estate taxes earlier than the March 31st deadline. Tax notices are mailed on or before November 1st from the prior year to property owners. Below are the discounts available.


4% if paid in November
3% if paid in December
2% if paid in January
1% if paid in February
If paid in March, no discount applies

Real Estate Taxes become delinquent on April 1st of the following year in which they were assessed. As of April 1st, a three percent (3%) penalty is added to the gross tax amount due. Discounts do not apply to delinquent payments.

If you would like more information on this topic, you can go to the Miami-Dade County real estate tax link below.

http://www.miamidade.gov/taxcollector/property_tax_real_estate_payment.asp


Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com