Understanding Tangible Personal Property Tax in Citrus County

• •Tangible personal property tax applies to business furniture, fixtures, equipment, and structural additions to mobile homes.
• •Tax statements are mailed annually on November 1st.
• •The deadline for payment is March 31st.
• •Early payment discounts are available: 4% in November, 3% in December, 2% in January, and 1% in February.
• •No discount is applied to payments made in March.
• •If the prior year's tax exceeded $100.00, taxes may be paid on a quarterly basis.
• •Taxes become delinquent on April 1st, incurring a 1.5% monthly interest charge.
• •Delinquent taxpayers are advertised in a local newspaper within 45 days of delinquency, with costs added to the bill.
• •Tax warrants for unpaid taxes are prepared by April 30th of the following year.
• •The Tax Collector may apply for a court order to seize property for unpaid taxes within 30 days after warrants are prepared.
• •Changes to the tax roll, such as name or address updates, must be processed through the Property Appraiser’s Office.

Business owners and owners of rental property in Citrus County must pay this tax annually by March 31st to avoid interest charges, public listing of delinquency, and potential seizure of property.

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.