In order to avoid penalties and interest, property owners are reminded that the deadline for remitting property taxes to the Collin County Tax Office is Jan. 31.
Tax statements were mailed to property owners in October from the county tax office on behalf of entities throughout the county. Those bills come due at the end of this month.
Penalties and interest will be added to bills starting in February and increasing monthly through June 30 when they are turned over to an attorney for collection. Total penalties and interest by month are 7 percent in February, 9 percent in March, 11 percent in April, 13 percent in May, 15 percent in June and 33 percent in July.
Property owners who are over 65 years of age, or are disabled, can pay taxes in four equal installments. Payment months are July, March, May and July. If an installment is missed, full penalty and interest will be applied to the original amount.
Farmersville bills include taxes due the city, county, Farmersville Independent School District and Collin College.
Tax Assessor Kenneth Maun reported that more than 380,000 tax statements were mailed to Collin County property owners this year. The tax office collects payments for 57 taxing entities.
For more stories like this, see the Jan. 7 issue or subscribe online.
From Staff Reports • [email protected]