Texas SB2551 allows individuals to pay ad valorem taxes on their homestead in four equal installments without penalty or interest.

Texas SB2551 amends the Tax Code to allow individuals to pay ad valorem taxes on their homestead in four equal installments without penalty or interest. The first installment must be paid before the delinquency date, accompanied by notice that the remaining taxes will be paid in three equal installments. If the delinquency date is February 1, the second installment must be paid before April 1, the third before June 1, and the fourth before August 1.

Texas SB2551 allows individuals to pay ad valorem taxes on their homestead in four equal installments without penalty or interest.

Texas SB2551 amends the Tax Code to allow individuals to pay ad valorem taxes on their homestead in four equal installments without penalty or interest. The first installment must be paid before the delinquency date, accompanied by notice that the remaining taxes will be paid in three equal installments. If the delinquency date is February 1, the second installment must be paid before April 1, the third before June 1, and the fourth before August 1.