Modifies property tax payment rules, including penalty waivers and interest reductions for late payments.
The bill modifies provisions relating to property tax payments, including allowing county collectors to enter into agreements with taxpayers for the payment of unpaid taxes, including a waiver or reduction of penalties and interest. It specifies that payments postmarked by January 5th are considered timely, but checks or money orders dated after December 31st are considered delinquent. It also allows for the reduction of penalties and interest on late payments from 2020 that were subsequently reduced or waived.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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