Property owners need to pay their taxes by the end of January or else face delinquent penalties and interest, and believe me, it adds up fast. To avoid delinquent penalties and interest, you ll need to get your property taxes in by January 31st.
1% Interest of the outstanding tax bill is added monthly beginning the first month of delinquency. That interest continues to accumulate until the tax is paid. There is also a 6% penalty added for the first month of delinquency. 1% of the levy due is added each month for months 2 through 5 of delinquency. 2% of the levy due is added beginning the 6th month of delinquency. You ll also be racking up a penalty for collection costs of up to 20% of levy and penalties and interest due which is added on April 1st for personal property and July 1st for real property of the year the tax becomes delinquent.