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General
Information |
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| If the taxpayer qualifies, the Installment Payment Plan allows the
taxpayer to pay property taxes in four payments rather the one. |
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How can I participate in the Installment Plan? |
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 | You can participate in the quarterly installment plan
for next year's (2008) payment of taxes for your real estate and/or
your tangible personal property taxes if your tax bill is more than
$100 in 2007 and the application provided on this web site is completed
and returned to the Tax Collector before May 1, 2008. |
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If you have an escrow account,
check with your mortgage company. Since your taxes are paid with
your monthly payments the mortgage company makes a single payment for
you rather than installment payments. |
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When do I receive my tax bills under the
Installment Plan and how are the amounts determined? |
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| You will receive the first bill by June, 2008.
The June payment must be made or you will be dropped from
the installment plan. If you do not make your June installment
payment, you will receive a tax bill in November for the full year's
taxes with the usual discounts. The second bill is received by September, 2008, the
third by December, 2008 and the final bill by March, 2009. |
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| The June, 2008 and September, 2008 bills will be computed using
your 2007 tax amount. The December, 2008 and March, 2009 bills will reflect the 2008
taxes. (The 2008 tax roll will be certified to the Tax Collector in
October 2008). |
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| If any payment is not made during the month it is due,
you will lose your discount on the payment you missed. |
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| Do I
receive more or less discount than if I paid the full amount in November? |
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| If your total taxes in 2007 and 2008 are approximately
the same, paying by installment will be about the same as paying the full
amount of taxes due in November (which gives a 4% discount). The
plan is designed for those who prefer to pay their taxes in smaller
amounts rather than one large amount. |
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| What happens if I make an installment payment and
then sell my property? |
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| If the property is sold after one or more installment
payments have been made, the new owner must continue on the plan.
The seller should make sure the realtor and closing agent know that some
of the taxes have been paid. This will help ensure that the taxes
will be correctly prorated at the closing. |
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| Do
I need to apply each year? |
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| Participants on the plan are automatically re-enrolled
and do not need to apply each year. If you should sell your
property, the installment plan stays with the property. If you
purchase new property, you need to apply for your new property. |
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