A common type of custodial fund is the tax custodial fund. To gain a better understanding of the operation of a tax custodial fund, visit the Miami-Dade County Tax Collector website at www.miamidade.gov/global/finance/taxcollector/home.page.

Required

Use the Tax Collector website to answer the following questions.

a. What types of taxes are collected by the Miami-Dade Tax Collector?

b. What types of licenses and permits are collected by the Miami-Dade Tax Collector?

c. Click on the Real Estate Tax Payments button to answer the remaining questions. What are some of governments that assess real estate taxes for which the Miami-Dade Tax Collector collects?

d. Is there a discount for early payment of real estate taxes? If so, what type of discount is offered?

e. What happens if the taxpayer does not pay real estate taxes by the due date?