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-18- <br /> ® If instead of prepaying in full, the property owner had decided to make a partial <br /> prepayment of $500, the assessors would commit $500 with interest on that amount from <br /> October 1, 2002 to August 20, 2003. The $500 prepayment reduces the unpaid balance to <br /> $1100, but is applied to the portions due in the final years of the original 10 year payment <br /> period. In this case, that credit would reduce the payment period by 2 years by <br /> eliminating the $200 portions otherwise due in FY2011 and FY2010 tax bills, and it <br /> would reduce the $200 portion due in FY2009 to $100. In the meantime, the assessors <br /> would continue to add the new reduced balance in $200 portions to yearly tax bills, but with <br /> committed interest on that balance. Here, $200 would be added to the FY2004 tax bill with <br /> committed interest on $1100 from October 1, 2002 to October 1, 2003, to the FY2005 tax bill <br /> with committed interest on $900 from October 1, 2003 to October 1, 2004, and so on until the <br /> remaining unpaid balance of$100 is added to the FY2009 tax bill with committed interest on <br /> that balance from October 1,2007 to October 1,2008. <br />