Real Estate Tax Installment Plan for Low Income Households
Qualified low-income taxpayers and low-income senior citizens who are the owner of record and reside in the property can apply to pay their current year real estate tax in monthly installments throughout the year for which the tax is due. Complete and mail in the application including all required information. Applications for the Installment Program must be submitted by the end of February. Approved applicants will receive a payment coupon book with the first of eight payments due in May.
Prior year participants do not need to reapply. You are automatically enrolled in the plan for the following year. A payment coupon book will be mailed to you in December; the first of twelve payments will be due in January.
If any monthly payment is not paid when due, you will be removed from the plan and all taxes and additions will be due at that time. If you defaulted on your installment agreement, you must reapply. Please note that any change to your deed or an increase in income above the income requirements will cancel the installment plan. Owner-Occupied Real Estate Payment Agreement
The Owner-Occupied Real Estate Payment Agreement allows homeowners to make monthly payments on their past due Real Estate taxes. Monthly payments are calculated using a four-tier system based on household income and family size.
Using a family of four as an example:
Tier 1: Monthly income is $4,622 and up.
Tier 2: Monthly income is $3,301 - $4,621. These households must pay 10% of their monthly household income. They are entitled to a waiver of 100% of the penalties
that have accrued.
Tier 3: Monthly income is $1,981 - $3,300. These households must pay 8% of their monthly household income. They are entitled to a waiver of 50% of the interest and 100% of the penalties
that have accrued.
Tier 4: Monthly income is $0 - $1,980. These households must pay 5% of their monthly income but no less than $25 per month.They are entitled to a waiver of 100% of the interest and 100% of the penalties
that have accrued.Real Estate Tax Deferral Program
Applicants can postpone payment of the tax increase that is above 15% of the tax due for any given year. Payment on the excess amount can be deferred until transfer or sale of the property. A minimum annual interest rate of 2% will apply to the deferred amount.
Eligibility is based on a four-tier system based on annual household income:
Tier 1: Annual household income is $55,441 or greater. Real estate tax must be more than 25% of income.
Tier 2: Annual household income is $39, 601 - $55,440. Real estate tax must be more than 12% of income.
Tier 3: Annual household income is $23,761 - $39,600. Real estate tax must be more than 8% of income.
Tier 4: Annual household income is $23,760 or less. Real estate tax must be more than 5% of income.
Delinquent Business Tax Extended Agreement
- Applicants must use the property as their primary residence.
- All real estate taxes on the property must be current on under a payment agreement.
For an extended term agreement for delinquent business taxes, the business owner, the officers of the corporation or the partners in a partnership must complete a detailed statement of financial condition. The account must be up to date. Tax returns for all years must be filed. You must submit the last two years of Federal tax returns, your income and expenses. Please see the Statement of Financial Condition to make application for this plan. Water Revenue Assistance Program
The Water Revenue Bureau (WRB) can help you to find assistance to pay your monthly water and sewer bill. Your level of assistance will be based on the following:
- Your water usage
- Your ability to pay current water and sewer bills
- Your status as a property owner, tenant or occupant
To qualify for a Low Income Agreement, you must:
- Live in the property for which the application is being made
- Verify that your total household income is within Federal low income guidelines
- Submit Social Security numbers for each person who lives with you
- Provide evidence of all expenses such as utility bills, gas bills and rent or mortgage payments provide or allow a current meter reading
You may apply for a Low Income Payment Agreement in person, or mail, or by calling (215) 686-6880 for more information and an application.