How much is the penalty for late payment of property taxes?
Taxes are due and payable quarterly on the first day of February, May, August and November, after which time they are delinquent and subject to interest at the rate of 8% on the first $1500 and 18% over $1500. You have a 10-day grace period to pay taxes with no penalty, after which interest will accrue back to the actual due date. If the 10-day grace period falls on a Saturday or Sunday, you may make payment by 4:30 pm on the next business day with no penalty. – Last Update: June 30, 2009 which is 562 days ago.
