Notice of Change of Ownership or Control Non-Homestead Property (Form
DR-430)
What is a Form DR-430?
A Form DR-430 is a notification of a change in ownership or control of a parcel of property that occurred after January 1, 2008. The form is to be completed and sent to the office of the county Property Appraiser by the new owner, or agent for the owner, on any non-homesteaded property.
If a deed is being recorded in the public records showing the change in ownership then you
do not need to submit a DR-430 form to the Property Appraiser.
When do you need to complete the Form DR-430 and send to your Property Appraiser?
You need to complete the Form DR-430 if the property is non-homesteaded property and a deed showing the change in ownership or control, occurring after January 1, 2008, is not being recorded in the public records of Polk County. A change of ownership or control means any sale, foreclosure, transfer of legal title or beneficial title in equity to any person, or the cumulative transfer of control or of more than 50% of the ownership of the legal entity that owned the property when it was most recently assessed at just value. “Controlling ownership rights,” for purposes of a transfer of control, means voting capital stock or other ownership interest that legally carries participatory rights.
A separate Form DR-430 must be completed for each parcel of non-homestead property that changed ownership or control.
It is considered that there is no change of ownership if:
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The transfer of title is to correct an error;
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The transfer is between legal and equitable title; or
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For “non-homestead residential property” as defined in section 193.1554(1), F.S., the transfer is between husband and wife, including a transfer to a surviving spouse or a transfer due to dissolution of marriage. This paragraph does not apply to non-residential property that is subject to section 193.1555, F.S.
Interest and Penalties
An owner who receives an assessment to which they are not entitled is subject to the following:
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Any taxes avoided plus 15% interest each year, and
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A penalty of 50% of the taxes avoided.
Beginning January 1, 2009 the property appraiser is required to record a tax lien on any property owned by a person or entity that was granted but not entitled to the property assessment limitation under s. 193.1554 or s.193.1555, F.S.
Copies of this form and instructions are available from the Florida Department of Revenue at the following link:
http://dor.myflorida.com/dor/forms/2009/dr430.pdf
PREFILE FOR 2010 - LATE FILE FOR 2009
The Property Appraiser’s Office is now accepting applications for the
year 2010. (If you purchased and moved into your home after
January 1, 2009, you may
now file for a 2010 exemption.) If you have purchased a new home and had a
previous homestead on another home in Florida, you may be eligible for
portability – the transfer of some or all of your old homestead’s “Save Our
Homes” benefit (the difference between your market and assessed values due to
the annual cap on increases).
Late applications for exemptions and
portability for the 2009 Tax Roll are now being accepted. Late filers may
file a late application from now until early September (25 days after the
mailing of the Notices of Proposed Property Taxes in mid-August.) Late
applications for exemptions and portability must be submitted in person
in the Property Appraiser’s Office.
Buyers Beware: Property Taxes May Change When a Home Sells
“Buyer should not rely on the seller's current property taxes as the amount of property taxes that the buyer may be obligated to pay in the year subsequent to purchase.”
A new law under Section 689.261, Florida Statutes, now requires a disclosure, before signing a contract, that a sale triggers a reassessment of a property and subsequent increase in property taxes. To help you better estimate future property taxes, the Property Appraiser encourages you to use our Tax Estimator