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Paying property tax early a wise move

November 15, 2019
By ERIC FEICHTHALER - Real Estate Law , Cape Coral Daily Breeze

Dear Mr. Feichthaler:

On the property tax bill I see that we receive a 4% discount if we pay by Nov. 30. I expect to receive an insurance settlement in late November, so I am wondering when, exactly, I need to make the payment to get the discount?

-Melanie P.

Dear Melanie:

The discount for paying early is, for most people, well worth doing so if they have the funds. Unless a property owner is guaranteed an annualized return of 12% on their funds, paying early is the way to go. The payment can be made online as a direct debit to your checking account with no fee. You can also use a credit card, however the county passes along a fee of over 2% for the privilege, which takes a lot of the benefit away from paying early. If you are paying the "old-fashioned" way, by check, the envelope must be postmarked on the last day of the month for that month's discount to apply. Keep in mind that, this year, Nov. 30 is on a Saturday. I would make sure the envelope is postmarked by taking it and hand deliver to the post office, if you must pay on the Saturday.

I hope you, and all of our readers, had a "gentle" property tax bill this year.

Eric P. Feichthaler has lived in Cape Coral for over 30 years and graduated from Mariner High School in Cape Coral. After completing law school at Georgetown University in Washington, D.C., he returned to Southwest Florida to practice law and raise a family. He served as mayor of Cape Coral from 2005-2008, and continues his service to the community through the Cape Coral Caring Center, Cape Coral Historical Museum, and Cape Coral Kiwanis. He has been married to his wife, Mary, for over 18 years, and they have four children together. He earned his board certification in Real Estate Law from the Florida Bar. He is AV Preeminent rated by Martindale-Hubbell for professional ethics and legal ability, and is a Supreme Court Certified Circuit Civil Mediator.

Mr. Feichthaler can be reached at eric@capecoralattorney.com, or (239) 542-4733.

This article is general in nature and not intended as legal advice to anyone. Individuals should seek legal counsel before acting on any matter of legal rights and obligations.

 
 
 

 

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