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Property Tax Installment Payment Plan

Taxpayers may pay their property taxes in installments. To participate in the Installment Payment Plan, the taxpayer must have more than $100 estimated taxes due and complete an Installment Payment Application downloadable from our website at www.taxcollectorpbc.com.

The application for the Installment Payment Plan applies to next year’s taxes. Taxpayers must submit the application to the Tax Collector no later than April 30 and make the first payment by June 30. A taxpayer who elects the installment method pays based on an estimated tax equal to the actual taxes for the preceding year. After the tax roll is certified, the final 2 installment payments are adjusted to reflect the actual tax liability. The payment schedule is:

• 1st Installment - Due by June 30 (1/4 of the total estimated taxes discounted 6%).

• 2nd Installment - Due by September 30 (1/4 of the total estimated taxes discounted 4.5%).

• 3rd Installment - Due by December 31 (1/4 of the total estimated taxes plus 1/2 of any adjustment for actual tax liability discounted 3%).

• 4th Installment - Due by March 31 (1/4 of the total estimated taxes plus the balance of any adjustment for actual tax liability).

The taxpayer will receive 2 notices from the Tax Collector’s Office. Each notice will have 2 payment coupons to return with your installment payment. The notices are mailed in June and December. Delinquent installment payments must be paid in full with the next installment. Any amount remaining unpaid on April 1 is treated as delinquent.