SB 618

Under current law, generally, a person must pay the person's property taxes in

full no later than January 31 of the year after the year in which the taxes are assessed

or in two equal installments, with the first installment due by January 31 and the

second installment due by July 31. A taxation district, other than a first class city,

may, however, adopt an ordinance to allow a taxpayer to pay in three or more

installments, if the last installment is due no later than July 31. A first class city may

adopt an ordinance to allow payment of property taxes in either seven or ten equal

installments.

Under this bill, a taxpayer may pay his or her property taxes in 12 equal

installments if the taxpayer provides evidence to the county or taxation district

where the property is located that the taxpayer's adjusted gross income is less than

50 percent of the median family income for the county in which the taxpayer's

property is located.