It’s that time of year and your property taxes are almost due for 2017! You have the option to pay your property taxes in full or in an installment plan. If you aren’t paying in full, your first installment is due by midnight on October 1, 2016.
As a courtesy you probably received a tax statement in the mail but by law the state is not required to notify you. If you didn’t receive a notice you are still required to pay on time and the deadlines are an ironclad date with no wiggle room. If you haven’t paid by the November 1st deadline, plan on being assessed 16% interest which is prorated on the first day of each new month and maybe incur a late fee as well.
The second installment is due March 1st and doesn’t become delinquent until two months later on May 1, 2017.
If you have financed your home and the mortgage company is responsible for paying your property taxes it is still prudent to check with the Maricopa County Treasurer’s Office to see that they have actually been posted.
Where does the tax man spend all that money? Last year approximately 75% of the money went directly to education. A detailed statement as to the allocation is sent to all property owners and is outlined in the Information Statement.
There are many ways to pay your property taxes and to make it a little easier for you, they are outlined here.