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06/30/1999-FISCAL AUDITS
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06/30/1999-FISCAL AUDITS
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' The following is a summary of the property tax calendar used for the 1999 <br /> tax levies: <br /> ' June 1998: <br /> Preliminary tax bills are mailed to taxpayers. This bill is approximately <br /> ' equal to one quarter of the prior year's tax levy. <br /> August 1998: <br /> First quarter preliminary tax bills are due. All bills paid after this date <br /> are charged interest at the rate of 14% from the due date. <br /> ' September 1998: <br /> Preliminary tax bills are mailed to taxpayers. This bill is approximately <br /> equal to one quarter of the prior year's tax levy. <br /> November 1998: <br /> Second quarter preliminary tax bills are due. All bills paid after this <br /> date are charged interest at the rate of 14% from the due date. <br /> December 1998: <br /> Actual tax bills are mailed to taxpayers. This bill is equal to the current <br /> tax levy less preliminary payments. <br /> February 1999: <br /> Third quarter tax bills are due. All bills paid after this date are charged <br /> ' interest at the rate of 14% from the due date. <br /> May 1999: <br /> Fourth quarter tax bills are due. All bills paid after this date are <br /> charged interest at the rate of 14% from the due date. <br /> Fourteen days after the due date for the fourth quarter tax bill for real estate <br /> taxes, a demand notice may be sent to the delinquent taxpayer. Fourteen <br /> days after the demand notice has been sent, the Tax Collector may proceed <br /> ' to file a lien against the delinquent taxpayers' property. <br /> Taxes receivable at June 30, 1999 consist of the following (in thousands): <br /> ' Real Estate <br /> 1999 $ 536 <br /> 1998 100 <br /> Prior 13 <br /> 649 <br /> ' (continued) <br /> 14 <br />
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