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.