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Mapping out the effects of the property tax extension

All Door County municipalities have granted an extension for property taxes this summer. Typically, the second payment is due on July 31st, with the deadline set at October 1st for 2020. The additional time now means that payments are condensed next period with only a little over two months between the new date and when 2021 bills begin arriving in December. What effect will that have on potential delinquencies for next year? County treasurer Jay Zahn says it is important to note that not everyone pays on the January/July schedule.

 


Interest begins accumulating at the rate of 1.5 percent per month if the first installment is late.

 

Photo courtesy of the Door County webpage.

 

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