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Local Tax Season Reminder

March is a busy month for local taxes. This month the FULL AMOUNT of Property Tax is due, Tangible Personal Property Tax Returns are due, and Tourist Development Tax Returns are due.

Property taxes not paid by March 31 begin accruing 3% interest and advertising charges, which are added to the gross amount.

Tangible Personal Property is any tangible item other than real estate used in a business. This includes furniture, fixtures, machinery, equipment, appliances, tools, signs, leasehold improvements, supplies, leased equipment, and any other assets used by the business. Tangible Personal Property Taxes not paid by March 31 begin accruing 1.5% monthly interest and advertising charges, which are added to the gross amount.

Tourist Development Tax is a 5% charge on the revenue from rental accommodations of six months or less. By promoting tourism in Palm Beach County, the Tourist Development Tax strengthens the economy by creating jobs, enhancing the environment and supporting the cultural arts. Annual Tourist Tax remittances are due by March 20, 2009.