ALTERNATIVE PAYMENT METHOD - INSTALLMENT PLAN
Taxpayers may choose to pay their property taxes in quarterly
installments. To be eligible for this payment plan, the taxpayer's
prior years taxes must be in excess of $100.00 and an application,
on form DR-534, for this payment
plan must be filed with the Tax Collector prior to May 1st of the
tax year. Applications are available from the Tax Collector's office.
Once accepted into the installment plan, the property will remain
on the plan until the taxpayer requests to be dropped from the plan
or the 1st Installment payment is not made by July 30th. Once dropped
from the installment plan, the taxpayer must re-apply. Installment
bills are mailed on the first day of the following months; June,
September, December and March. The following is a payment schedule
for the Installment Plan:
1st Installment: ¼ of the prior years taxes discounted
6%
Payment due by June 30th to receive discount. Payments made after
June 30th and before July 31st will receive no discount and a 5%
penalty will be assessed.
2nd Installment: ¼ of the prior years taxes discounted
4.5%
Payment due by September 30th.
3rd Installment: Current tax liability less the 1st and
2nd installment payments divided by 2, discounted 3%
Payment due by December 31st.
4th Installment: Current tax liability less the 1st, 2nd
and 3rd installment payments, no discount allowed
Payment due by March 31st.
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