Florida law requires the VAB to deny a petition if the petitioner does not make the payment required below before it becomes delinquent, usually on April 1. These payment requirements are summarized below.
For value petitions, including portability petitions, the required payment must include:
- All of non-ad valorem assessments, and
- a partial payment of at least 75% of ad valorem taxes,
- less applicable discounts under Section 197.162, Florida Statutes.
For petitions appealing the denial of a classification, exemption, or arguing that the property was not substantially complete on January 1, the payment before the delinquency date must include:
- All of non-ad valorem assessments, and
- the amount of ad valorem taxes the taxpayer admits in good faith to owe,
- less applicable discounts under Section 197.162, Florida Statutes.
Property tax refunds resulting from property assessments reduced through the VAB process are not issued until final decisions are issued by the VAB.