What if any Real Estate tax bill installment is not paid on time?
2-installment bill: If the entire first installment amount is not paid by its due date of January 31st, the remaining principal balance of the tax bill becomes delinquent with 1% interest charged on the first of each following month. If the entire second installment amount is not paid by its due date of July 31st, the remaining unpaid principal balance is charged 1% monthly interest calculated from February. 4-installment bill: If any of the four installments is not fully paid by its respective due date, the unpaid principal balance is charged 1% monthly interest calculated from February.
