Title
Amending Chapter 19-1300 of the Philadelphia Code, entitled "Real Estate Taxes," by providing discounts and penalties related to the installment payments and new fiscal year billing, and to guarantee that payments are applied to current year tax first to avoid accumulation of additions and penalties.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 19-1300 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 19-1300. REAL ESTATE TAX.
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§19-1303. Discounts and Additions to Tax.
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(6) This Section 19-1303 is effective with respect to all real estate taxes due on or before March 31, 2005.
§19-1303a. Discounts and Additions to Tax.
Unless otherwise provided by special ordinance, this ordinance applies to taxes due and payable commencing July 1, 2005:
(1) Taxpayers electing one annual payment: Upon all real estate taxes paid in full up to and including the last day of August of the fiscal year in which such taxes shall be assessed and payable, or within twenty (20) days of the date of mailing of the tax bill, whichever is later, a discount of one percent (1%) shall be allowed.
(2) Upon all real estate taxes paid under the installment method, or any real estate taxes otherwise paid on or after September 1 of the fiscal year in which such taxes shall be assessed and payable, no discounts shall be allowed.
(3) Upon all real estate taxes paid thereafter, additions shall be imposed as follows:
(a) With respect to the minimum first quarterly tax payment due on July 15, if paid on or after July 16 and prior to July 1 of the next ensuing calendar year, an addition of one and one-half percent (1.5%) for each month the tax is not paid;
(b) With respect to the minimum second quarterly tax payment due on October 15, if paid on or after October 16 and prior to July 1 of the next ensuing calendar year, an addition of one and one-half percent (1.5%) for each month t...
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