Florida Administrative Code
12 - DEPARTMENT OF REVENUE
12D - Property Tax Oversight Program
Chapter 12D-13 - TAX COLLECTORS RULES AND REGULATIONS
Section 12D-13.0055 - Distribution to Taxing Authorities of Proceeds from the Sale of Seized Tangible Personal Property, the Sale or Redemption of Tax Certificates, or Tax Deed Sales
Universal Citation: FL Admin Code R 12D-13.0055
Current through Reg. 50, No. 187; September 24, 2024
(1) SALE OF SEIZED TANGIBLE PERSONAL PROPERTY. After the sale of personal property, the tax collector must distribute the proceeds in this order:
(a) All expenses, fees and costs of selling
the property must be paid.
(b)
1. If the remaining funds are sufficient to
pay the delinquent taxes and interest, the tax collector must distribute the
appropriate proportion of the taxes and interest collected to each taxing
authority.
2. If the remaining
funds are not sufficient to pay the delinquent taxes and interest in full, the
tax collector must distribute the appropriate proportion of the taxes and
interest collected to each taxing authority and the deficit will be a general
lien against all other personal property owned by the
taxpayer.
(c) Any surplus
proceeds from the sale must be returned to the property owner or the person who
had possession at the time the property was seized.
(2) SALE OR REDEMPTION OF TAX CERTIFICATES; PROCEEDS FROM TAX DEED SALES.
(a)
1.
a. When
a tax certificate not held by the county has been redeemed, in whole or in
part, the tax collector must pay the certificate holder the whole or
proportional amount of the certificate face amount plus accrued interest at the
bid rate from the date of issuance to the date of redemption. If the accrued
interest is less than five percent of the face amount of the certificate, the
tax collector must pay the certificate holder a mandatory minimum interest of
five percent of the face amount of the certificate.
b. Unclaimed redemption funds must be
remitted to the state as provided in sections
197.473,
717.113, and
717.117,
F.S.
2.
a. When tax certificates held by the county
are purchased by an individual or redeemed in whole or in part, the tax
collector must distribute the tax and interest to the various taxing
authorities.
b. When a taxing
authority has been abolished, the share it would have received should pass as
directed by law. If the law contains no direction, the tax collector must
distribute the abolished taxing authority's share on a pro rata basis to the
taxing authorities in existence at the time of purchase or
redemption.
c. Taxing authorities
not in existence when the taxes were levied are not entitled to share in the
proceeds.
(b)
Proceeds from tax deed sales must be distributed as provided in section
197.582,
F.S.
Rulemaking Authority 195.027(1), 213.06(1) FS. Law Implemented 197.374, 197.383, 197.472, 197.473, 197.582, 717.113, 717.117 FS.
New 4-5-16.
Disclaimer: These regulations may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
