Being that tax bills are only mailed to you once a year, we’re reminding you that the 2nd quarter is past due.

There is a 10 day grace period, so if your taxes are received by the 10th, no interest will be charged. Being that the 10th was Sunday, you have until today. If your payment is received after today, you will be charged interest based on the number of days between the 1st and the day your payment is received.

Taxes are paid quarterly; the first two quarters add up to half of what was billed on the property the prior year and the third and fourth quarter are based on the actual tax rate. If taxes go up, the third and fourth quarter are generally larger than first and second quarter; if taxes go down, the third and fourth quarters are smaller than the first and second.

Tax bills are mailed once a year, during the Summer, and contain four coupons. Taxes are due February 1, May 1, August 1 and November 1.

[TLS: HT – SF]