Significant Tax Relief Measures for Hillsborough County Residents Following Hurricanes

As Hillsborough County continues to recover from the devastating impacts of Hurricanes Milton and Helene, local officials are stepping up to provide essential support to affected homeowners and business owners. During a recent press conference, Hillsborough County Tax Collector Nancy Millan, Property Appraiser Bob Henriquez, State Senator Jay Collins, and County Commission Chair Ken Hagan unveiled important property tax relief measures aimed at assisting the community during this challenging time.

Property Tax Discount Extension

One of the key initiatives announced by Nancy Millan is the extension of the 4% early payment discount period until December 31, 2024. This crucial extension allows residents more time to benefit from the maximum savings on their property taxes. Here are some notable details regarding the tax relief measures:

• Delayed Mailing: Property tax notices, usually sent out on November 1, will now be mailed on November 25, 2024. This change allows for the extended discount period under Florida law.

• Wide Reach: Over 535,500 property tax notices will be distributed to homeowners and business owners across Hillsborough County.

• Online Access: Even though tax notices will not be mailed until November 25, property tax information for the fiscal year will be available online at hillstax.org starting October 28, 2024.

Quote from Nancy Millan

“In challenging times like these, it’s essential that we come together as a community and offer every opportunity for relief. By delaying the mailing of tax notices and extending the discount period, we’re giving residents and businesses the time and support they need to rebuild their homes, businesses, and lives,” stated Nancy Millan.

Important Tax Dates and Details

• Tax Bills: The property tax bills reflect assessed property values as of January 1, 2024, and do not take into account any damage caused by the recent hurricanes.

• Payment Start Date: Property owners can begin making payments on November 1, 2024.

• Tax Due Date: By law, all property taxes must be paid by March 31, 2025, unless an extension is provided under the current Executive Order.

Resources for Taxpayers

Residents whose property taxes are typically paid through escrow should consult with their mortgage companies for details regarding the processing of escrowed property tax payments.

For further inquiries regarding property taxes, payment options, and available resources, taxpayers are encouraged to visit hillstax.org or contact the Hillsborough County Tax Collector’s Office directly.

Conclusion

The collaborative efforts of Hillsborough County officials illustrate a strong commitment to supporting residents and businesses impacted by Hurricanes Milton and Helene. With extended tax relief measures in place, the community is better positioned to navigate the road to recovery. By taking advantage of these initiatives, property owners can help alleviate some of the financial burdens inflicted by the storms.

Stay informed and proactive by visiting hillstax.org to ensure you do not miss out on important updates and resources designed to assist you during this challenging period.