You need to know – How do Florida Real Estate Taxes Work?

YouNeedToKnowWeb500In Florida, real estate taxes are payable in arrears, on a calendar year basis.

Using the taxes for 2015 as an example, here’s how it all works:


  • On January 1, 2015 a lien is placed on every property for the amount of the taxes
  • The county tax assessor issues the bills in November 2015
  • There is a discount given for payment made in November 2015, December2015, January 2016 and February 2016
  • The full amount is due by March 31 2016, and the taxes become delinquent on April 1 2016 and delinquent tax bills are subject to a late charge
  • During the month of May 2016, all delinquent tax bills are advertised as for sale as tax certificates

What is form W-9?

A W-9 is a form issued by the IRS that is used by subcontractors and other people who work for themselves to declare their tax identification numbers to their clients and customers

An entity who employes subcontractors (such as real estate sales associates) should make sure that a W-9 is on file for everybody who they make payments to.  The employer is obligated to issue IRS form 1099 for all of its subcontractors who have been paid during a tax year.

Click here to see a form W-9 and learn about how to complete it