The 2nd property tax bill came in the mail - and by God its a BIG one! I don't know about your property but the bill for mine is over $2,500! Now you can't pay this property tax bill in installments but you do get a (2% - I think) discount if you pay this property tax bill early.
There was a reference to the "Homestead" Act but you must have already filled out the form for that. If your property is part of the Homestead designation then you can pay your property tax bill in three installments. However there are some conditions and there are also some very stiff penalities. If you claim the Homestead option and choose to pay your property tax bill in installments then you are not eligible for the discount. Also too if you pay your installments late then you could be charged a 10% penalty.
Now I looked this all over when I got the property tax bill and I thought that it would just be a good idea to have this money saved in advance of the time that it was due. That way you would have the money early enough to be able to pay the discounted amount. But not everyone has this financial capability.
To tell you the truth I really think the best option for paying this property tax bill is just to have the money saved up in advance so you can pay the discounted amount.
No comments:
Post a Comment