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January 23, 2007
Pat Poston, Director of Tax Services of the Palm Beach County
Tax Collector's Office, will discuss the consequences of the
delay of the Value Adjustment Board appeal process at the
Special Meeting at 3:00pm on Tuesday, January 23rd, 2007.
Current Statistics:
- Approximately $294,000,000 of real estate taxes is subject
to VAB petitions. Of this amount, approximately $232,000,000
is paid and approximately $62,000,000 is unpaid.
- Additionally, there is approximately $17,000,000 of tangible
personal property taxes subject to VAB petitions. Of this
amount, approximately $14,000,000 is paid and approximately
$3,000,000 is unpaid.
- It is important to remember that property taxes are collected
in arrears. The ad valorem tax collection process contemplates
collection of both current and delinquent taxes within well-defined
time limits.
Consequences of Delay:
Further delay in completion of the VAB appeal process will
result in the following consequences relative to the taxpayers
and taxing authorities of Palm Beach County:
1. Refunds to those taxpayers who obtained favorable rulings
from the VAB may not be processed until the VAB-certified
roll is received by the Tax Collector.
2. Taxpayers who have not paid their taxes, yet have received
a favorable VAB decision, may not pay those reduced taxes
until the VAB roll is certified to the Tax Collector.
3. No tax certificate sales for delinquent real estate taxes
may be conducted on those parcels involved in the VAB process.
It is important to note that upon completion of the VAB process
and the certification of the roll to the Tax Collector, taxpayers
will have thirty (30) days to pay with the four percent (4%)
discount and an additional thirty (30) days to pay the March
(total) amount of taxes due. Thus, delay beyond mid-March
will result in the inability of the Tax Collector to advertise
and sell certificates on real estate taxes which will not
become "delinquent" until the expiration of the
sixty-day payment period. This delay will also preclude the
advertisement and validation of warrants for delinquent tangible
personal property taxes.
4. In summary, all taxing authorities should consider that
approximately $311,000,000 of tax revenue will be potentially
delayed pending completion of your VAB process.
For more information, please call Pat Poston, Director of
Tax Services at (561) 355-2809.
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