Installment Agreement Fee In Broward

State:
Multi-State
County:
Broward
Control #:
US-002WG
Format:
Word; 
Rich Text
Instant download

Description

The Retail Installment Agreement details the terms of an installment agreement fee in Broward, where the total purchase price, interest rate, and payment schedule are clearly outlined. Users must specify the purchase price, interest rate, and payment terms, including the number of installments and late fees. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in drafting or executing retail installment agreements, providing a basis for managing transactions involving installment payments. Users should complete the form accurately, ensuring that all financial terms are defined and that both parties understand their rights and responsibilities under the agreement. The form emphasizes the consequences of default and establishes remedies for the seller, reinforcing its importance in protecting financial interests. Specific use cases include transactions for personal or business purchases requiring installment payment arrangements. The document also mandates that modifications be written and signed, ensuring transparency and mutual agreement. Overall, the Retail Installment Agreement serves as a vital tool for managing financial agreements in Broward.
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FAQ

If you are unable to revise an existing installment agreement online, call us at 800-829-1040 (individual) or 800-829-4933 (business).

Taxpayers can modify most existing installment agreements using the Online Payment Agreement application. At this time, taxpayers cannot make changes to existing direct debit installment agreements online.

You are entitled to a Homestead Exemption if, as of January 1st, you have made the property your permanent home or the permanent home of a person who is legally or naturally dependent on you.

The median property tax rate in Broward County is 1.44%, which is significantly higher than both the national median of 0.99% and the Florida state median of 1.14%.

A new application is required if your property has been sold or otherwise disposed of, or the ownership or use changes, or when the holder(s) of the Homestead Exemption ceases to reside on the property as a permanent resident.

Therefore, property tax proration divides the tax liability proportionally to the time each party owns the property during that tax year. This means real estate sellers are responsible for taxes up until the sale date and for buyers, from the sale date forward.

Marty Kiar - Broward County Property Appraiser.

Installment Payment Schedule and Discounts: 1st Installment, payable by June 30: ¼ of the previous year's taxes discounted 6%. 2nd Installment, payable by September 30: ¼ of the previous year's taxes discounted 4.5%. 3rd Installment, payable by December 31: ½ of the current year's adjusted tax amount discounted 3%.

Property owners have 2 years from the date taxes become delinquent (April 1st) before they risk loss of the property. As stated in Florida Statute 197.502, after the 2 year period has elapsed and taxes remain unpaid, the certificate holder may file a tax deed application with the Tax Collector's office.

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Installment Agreement Fee In Broward