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$3.07 Billion Revenue Collection Begins Today

West Palm Beach , FL - $3.07 Billion Revenue Collection Begins Today

West Palm Beach, FL - - - Anne M. Gannon, Constitutional Tax Collector announces that 2011 Property Taxes starts today, November 1st.  “We mailed 705,964 property tax bills.  That represents total tax revenue of 3.07 billion,” said Gannon.  “The Ad Valorem tax, calculated by the Property Appraiser, represents $2.7 billion in property values.  The Non Ad Valorem tax, a flat fee per acre or housing unit, makes up the balance, or $330 million.”

The five cities in Palm Beach County paying the most in property taxes are West Palm Beach (assessed value : $11 billion, total taxes:$68 million), Boca Raton (assessed value: $19.3 billion, total taxes:$51.8 million), Delray Beach (assessed value:  $7.4 billion, total taxes: $44 million), Town of Palm Beach (assessed value:  $12.2 billion, total taxes: $38 million) and Riviera Beach (assessed value: $3.7 billion, total taxes: $27 million). 
Top taxpayers, by amount of tax billed, in Palm Beach County are:

  1. Florida Power & Light Co 
    $57,318,651.50
  2. BellSouth Telecommunications Inc.
    $7,429,139.61
  3. Town Center at Boca Raton Trust 
    $6,934,462.72
  4. Landry Lawrence L 
    $4,562,021.39
  5. Comcast of Florida 
    $3,666,229.13
  6. Panthers BRHC LTC 
    $3,419.927.79
  7. Florida Power & Light Co 
    $3,300,159.84
  8. TJ Palm Beach Associates LTD PTRS 
    $2,973,748.95
  9. 2700 North Ocean LLC 
    $2,903,013.25
  10. Breakers Palm Beach Inc. 
    $2,708,719.10
  11. HUBB Properties Trust
    $2,451,555.73
  12. Land Resources Inv Co 
    $2,389,615.51
  13. Boca Raton CRA Lessor 
    $2,143,728.38
  14. West Palm Beach CRA Lessor 
    $1,967,856.26
  15. Palm Beach Shores Resort 
    $1,893,444.25
  16. Batmasian James H. 
    $1,891,460.61
  17. Evergreen Britannia 013 
    $1,800,186.06
  18. KBSII CityPlace Tower 
    $1,720,227.01
  19. JFK Medical Center 
    $1,696,029.32
  20. Marriott Ownership Resorts 
    $1,682,187.63

“Approximately eighty percent of taxpayers pay in November. That means they receive the maximum discount of 4 percent for early payment,” said Gannon.  “This tax savings can make a difference for families in these difficult economic times.”   

Gannon knows that some financially struggling families lack the resources needed to pay their taxes.  A tax payment could be the difference between keeping their home or foreclosure.  Florida has a tax deferral option (Florida Statute Chapter 197.2421 and 197.2423) for those with yearly incomes of $10,000 or less.  The program only postpones the tax payment. It provides some short term relief.
Chapter 197.162, Florida Statutes provides discounts for early payments as follows: 

  • November payments are discounted 4 percent. 
  • December payments are discounted 3 percent
  • January payments are discounted 2 percent
  • February payments are discounted 1 percent
  • March payments receive no discount
  • All payments are due by close of business March 31.  Any payment made after April 1 is considered delinquent.

Gannon has some advice for taxpayers: 

Pay property taxes on-line to avoid waiting in line at busy service centers.  The agency recently upgraded its e-Gov Payment System, replacing an antiquated system that lack enhanced features.  The website has a “Property Tax Help” feature that includes important information on payments, deadlines, and discounts.  
Taxpayers may also pay by mail.  They must include the Property Control Number(s) on their check and return without staples or clips.  Non-compliance results in rejection by the agency’s high speed mail processing.  Rejected returns must be processed by hand and take much longer. 

For taxpayers who prefer visiting a service center, they are encouraged to use drop boxes for payments.  A drop box is at each Constitutional Tax Collector Service Center.  And beginning November 1 property tax payments will be accepted at the Lantana office.

Release Date: 
Tuesday, November 1, 2011
Contact Information: 
Contact: Anne Gannon, Constitutional Tax Collector
  (561) 355-4271
KClarke@pbcgov.org

 

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301 North Olive Avenue, P O Box 3715, West Palm Beach, FL 33402   |    561-355-2264