Resident Homesteads - Effective September 1, 2013, owners of a residence homestead may enter into an installment agreement for the payment of tax, penalties and interest if the person has not entered into an installment agreement in the preceding 24 months. As required by law (Sec. 33.02), the installment agreement must provide for equal monthly payments for a period of at least 12 months. Penalty will be frozen upon the timely receipt of the first delinquent installment and interest will continue to accrue at 1% per month. Should any terms of the agreement be broken, the penalty will be recalculated as if the owner had never entered into an installment agreement.
All unpaid accounts, whether set up with an installment agreement or not, are sent a delinquent tax statement by mid-February each year by law.
The delinquent tax bill will show the unpaid balance with penalty and