| Delinquent Tax Collection Rates
Important: Please read all information
below, regarding delinquent taxes as these rates are
not applicable to every situation.
Each year, in September, the governing bodies of the local taxing
units decide what services they will provide and how much money
they will need. They adopt the unit budget and set the tax rate
for the year that will provide the needed revenue.
Taxing units also have the authority to allow partial exemptions.
These exemptions reduce the taxable value of qualifying properties.
Homestead, Over Sixty-Five, and Disability exemptions are partial
exemptions which can be granted on your principal place of residence.
They can only be claimed on one piece of property in the state of
Taxes are calculated by subtracting the value of any exemptions, and the cap
value if applicable, from the homestead value of the property and then adding
any productivity or non-qualifying value. This result, the taxable value, is
then multiplied by the tax rate per $100. The answer is then divided by 100 to
arrive at the tax amount for the taxing unit. This process is repeated for each
Delinquent Tax Collection Rates
The following schedule provides penalty and interest rates for use in
calculating the total amount of penalty and interest due on delinquent tax
bills. The rates in this schedule do not apply to taxes paid in quarter
payments, or to delinquent taxes in years where a successful rollback election
was held. Value or exemption changes by the appraisal district may postpone the
Taxes not paid by January 31 will increase as follows:
If tax is paid in (MONTH) add: PENALTY
+ INTEREST = TOTAL PERCENTAGE (listed below)
February = 7%
March = 9%
April = 11%
May = 13%
June = 15%
July = 18%
on the quarter payment plan that is not paid before the delinquency
date for the installment accrues full penalty of 12% immediately,
and begins to accrue interest at the rate of 1% per month until
paid. Similarly, if the second half payment is not paid by June
30, the payment is delinquent. A 12% penalty is assessed on the
unpaid tax as well as interest at the rate of 1% per month until