An Independent Escrow Company

Important Tax Dates

TAX CYCLE CALENDAR AND IMPORTANT DATES TO REMEMBER:

July 1

Beginning of the fiscal year and delinquent Secured property taxes DEFAULT and begin accruing additional penalties of 1½% per month and a redemption fee.

July

Treasurer-Tax Collector mails out Unsecured property tax bills.

August/September

Treasurer-Tax Collector mails out Prior Year Secured property tax bills.

August 31

Unsecured property tax delinquent date. A 10% penalty is added after 5:00 p.m.*

October

Treasurer-Tax Collector mails out Current Year Secured property tax bills.

November 1

First installment is due (Current Secured property tax) and delinquent Current Year Unsecured taxes begin accruing additional penalties of 1½% per month.

December 10

First installment payment delinquent date (Current Secured property tax). A 10% penalty is added after 5:00 p.m.*

January 1

Lien date for the establishment of ownership, value and unsecured taxes for the ensuing fiscal year.

February 1

Second installment is due (Current Secured property tax).

April 10

Second installment payment delinquent date (Current Secured property tax). A 10% penalty and cost is added after 5:00 p.m.*

May

Treasurer-Tax Collector mails delinquent notices for any unpaid, Current Year Secured property taxes.

June 30

End of fiscal year.

* If a delinquent date falls on a Friday**, Saturday, Sunday or County holiday, the delinquent date is the next business day.

What is an Escrow?

An escrow is a deposit of funds, a deed, or other instrument by one party for the delivery to another party upon completion of a particular condition or event agreed upon by all parties to a transaction. We are a “neutral, third party agent for all the principals in a real estate transaction” who is entrusted with the safekeeping of the documents and funds until the contractual obligations of the principals (the Buyer and Seller) have been fulfilled.

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