Fla. Stat. § 197.172
This is the official text of Fla. Stat. § 197.172, part of Florida’s Stat — part of the compiled statutory law of Florida, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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197.172 Interest rate; calculation and minimum.
Official statutory text
(1) Real property taxes shall bear interest at the rate of 18 percent per year from the date of delinquency until a certificate is sold, except that the minimum charge for delinquent taxes paid prior to the sale of a tax certificate shall be 3 percent.
(2) The maximum rate of interest on a tax certificate is 18 percent per year. However, a tax certificate may not bear interest, and the mandatory interest as provided by s. 197.472(2) may not be levied during the 60-day period following the date of delinquency, except for the 3 percent mandatory interest charged under subsection (1).
(3) Personal property taxes shall bear interest at the rate of 18 percent per year from the date of delinquency until paid or barred under chapter 95.
(4) Interest shall be calculated from the first day of each month.
History: s. 135, ch. 85-342; s. 7, ch. 92-32; s. 7, ch. 2011-151.
(2) The maximum rate of interest on a tax certificate is 18 percent per year. However, a tax certificate may not bear interest, and the mandatory interest as provided by s. 197.472(2) may not be levied during the 60-day period following the date of delinquency, except for the 3 percent mandatory interest charged under subsection (1).
(3) Personal property taxes shall bear interest at the rate of 18 percent per year from the date of delinquency until paid or barred under chapter 95.
(4) Interest shall be calculated from the first day of each month.
History: s. 135, ch. 85-342; s. 7, ch. 92-32; s. 7, ch. 2011-151.
Status: in_force · Read it on the official government site
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