FL S0270

Increases early payment discount rates for property taxes: 8% in November (up from 4%), 6% in December (up from 3%), 4% in January (up from 2%), and 2% in February (up from 1%).

Raises discount rate for payments after value adjustment board actions from 4% to 8%.

Lowers the minimum percentage of certified taxable value that taxing authorities must use when preparing tentative budgets from 95% to 91%.

Doubles installment prepayment discounts: first payment increases to 12% (from 6%), second to 9% (from 4.5%), and third to 6% (from 3%).

Increases late payment penalty for first installment from 5% to 10% of the installment amount.