Tax payment installment plan available

Special to The Log

Okaloosa County Tax Collector Ben Anderson encourages taxpayers to take advantage of the Tax Installment Plan available for property owners. Using the Tax Installment Plan, Taxpayers still receive a 3.375% discount and payments can be divided into four payments over a one year period rather than having to pay one lump sum.

To participate in the Tax Installment Plan, taxpayers must complete an installment application. The application can be found in the “Form Center” on the Tax Collector’s website, www.OkaloosaTax.com. The application must be submitted no later than April 30.

Annual renewal is automatic as long as the June payment is made each year. The payments will apply to next year’s taxes. Those who choose the installment method will pay based on an estimated tax equal to the actual taxes for the previous year. The payment schedule is:

• 1st Installment due by June 30

• 2nd Installment due by September 30

• 3rd Installment due by December 31

• 4th Installment due by March 31

Anderson says, “This installment program should ease the burden on taxpayers by allowing them to spread out their payments. It also rewards them because they can realize up to a 3.375% discount for making payments on time.”

Payments can be made online with E-check with no bank charge fees.

Re-application is not necessary if you participated in the Tax Installment Plan the previous year.