Title
Amending Chapter 19-1302 of the Philadelphia Code entitled "Installment Payments" to provide for the Department of Revenue to accept payment of real estate taxes in four equal payments; all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 19-1302 of the Philadelphia Code is hereby amended to read as follows:
CHAPTER 19. REAL ESTATE TAXES.
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§19-1302. Installment Payments.
(1) The Department [may] shall accept payment of real estate taxes in four [equal] installments or in one annual payment for fiscal year 2006, subject to the discounts and penalties prescribed in [§ 19-1303] § 19-1303a. Such installments shall be billed and due according to the following schedule:
Fiscal Year 2006 Amount of Payment
July 15, 2005 12.5%
October 15, 2005 12.5%
January 31, 2006 50%
April 15, 2006 25%
(2) Commencing with fiscal year 2007 and thereafter, the Department shall accept payment of real estate taxes in four equal installment or in one lump sum payments, subject to the discounts and penalties prescribed in § 19-1303a. Such installments shall be due according to the following schedule:
Date of Payment Amount of Payment
July 15 25%
October 15 25%
January 15 25%
April 15 25%
(3) Election required: Notwithstanding the forgoing, commencing with real estate tax payments billed for the fiscal year 2006 and thereafter, any taxpayer that does not elect to pay the tax due in installments on or before August 31 shall be liable for the full amount of the tax, with additions, penalties and interest prescribed in §19-1303a accumulating from October 1 until such tax is paid in full.
SECTION 2. This ordinance shall take effect beginning with real estate tax bills issued for fiscal year 2006.
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Explanation:
[Brackets] indicate matter deleted.
Italics indicate new matter added.
End
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