Walton County Tax Collector Rhonda Skipper announces the 2013 Alternative Property Tax Payment Plan Application is now available for taxpayers who meet eligibility requirements and would prefer to pay their property taxes in four, quarterly installments rather than a lump sum payment. Applications are available for download on the Walton County Tax Collector's Website under the Property Tax Forms tab or can be picked up in both the DeFuniak Springs and Santa Rosa Beach offices.
To qualify to participate in the plan, property owners must be current on all previous taxes, previous tax bills must have exceeded $100 and an Alternative Payment Plan application must be received in the Tax Collector's Office by April 30.
The plan requires that the first installment be made no later than June 30th. Failure to make the first payment will automatically terminate the participant's eligibility for the remainder of the year. The taxpayer will then be sent a regular tax bill in November and must apply to be reinstated on the installment plan for future tax years.
The 1st and 2nd installments are based on ¼ of the previous year taxes. The 1st installment is discounted 6%, and the 2nd installment, due September 30th, is discounted 4.5%. The 3rd and 4th installments are ½ of the remaining actual tax liability for the current year. The 3rd installment is discounted 3% and is due by December 31st. The 4th installment is not discounted and due by March 31st.
For more information on the Property Tax Installment Plan, visit waltontaxcollector.com or call (850) 892-8121.