If you think that the local property tax rates are high, think about the penalties that will be assessed if you are late paying them.
This graphic came from the city’s web page:
Let’s say that the taxes due on your home are $5,000 for the year.
If you are one week late paying the bill you will owe $5,350.
If you cannot pay until December you will owe over $6,200.
In addition the law firm that has been hired to collect past due accounts can charge you up to 20% after four months.
You could end up paying over 43% for being 11 months late.
Yet the city still complains about the high rates the payday loan companies charge.
We deserve better