29. Tax Payments for 2002-2003 School Year
INFORMATION:
Taxing districts may implement a procedure for the payment of taxes by installments through the adoption of a resolution. The installment plan allows for no discounts, but a penalty of ten percent is added to each installment on the date it becomes delinquent. A maximum of four installment payments are permitted.
RECOMMENDATION:
a. That real estate taxes are paid in full will be due and payable according to the following schedule:
DUE DATE PAYMENT TYPE
Thursday, August 29, 2002 Discount (2%)
Monday, October 28, 2002 Base (10% penalty will
be added thereafter)
That the real estate tax installment plan for the payment of 2002-2003 school taxes be divided into four equal payments with due dates as specified herein. If the installment is not paid and received within this period, a penalty of ten percent will be added to each delinquent installment. No discounts will be allowed on installment payments. Installment payments may not commence after the first installment due date.
First Monday, August 5, 2002
Second Monday, September 9, 2002
Third Monday, November 4, 2002
Fourth Monday, December 16, 2002
b. That per capita taxes are due and payable in full, according to the following
schedule:
DUE DATE PAYMENT TYPE
Thursday, August 29, 2002 Discount (2%)
Monday, October 28, 2002 Base (10% penalty will be added thereafter)
The administration's recommendations 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 19, 20, 21, 22, 23, 24, 25, 26, 27, 29, 30, 31, 33, and 34 were considered together.