According to state law, once the delinquency date has passed, simple interest starts to accrue at 16% per annum, prorated monthly. Whether paid on the last day of the month or the first day of the month, 1.333% will be due each month on the amount of tax delinquent. After the May 1st delinquent date, if taxes are not paid before the following January, an additional 5% (minimum $5.00) penalty is assessed. In February, all delinquent taxes will be offered for sale at the annual Tax Lien Sale. This is not an outright sale of property, but is a sale of the tax lien on delinquent parcels. After the Tax Lien Notices are mailed, until a deadline before the Tax Lien Sale is held, property owners may pay the delinquent taxes, and prevent the parcel from continuing to the sale.
Payment at this time MUST be in the form of Cashier's Check or Money Order ONLY.