Individuals who are age 65 or older, disabled persons, disabled veterans (or their unmarried surviving spouses) or partially disabled veterans with homes donated by charitable organizations (or their unmarried surviving spouses) are allowed to pay the taxes on their homesteaded property in four installments.
The taxpayer must request the quarterly payment and make the first payment before the delinquency date (on or before January 31st). The second installment is due on or before March 31st, the third is due on or before May 31st and the final installment must be paid on or before July 31st.
If the taxpayer misses a due date and makes a late quarterly payment, the unpaid installment is delinquent and incurs a six percent penalty and interest in the amount of one percent per month until the delinquency is paid.
Please keep in mind that entering into a quarterly payment agreement is not an option after the usual January 31st delinquency date.
Should you have questions or need additional information, please don’t hesitate to contact our office: 325.372.5031.