Tax Bills: How to Avoid Missteps

A common and unfortunate property tax misstep for companies involves tax bills. Your property tax bill is largely based on where your property is and what it’s worth. But keeping track of what you owe might not be as easy as it seems.

Tax bills look completely different from one jurisdiction to another. Here is a list of what you need to keep track of:

• What you owe.
• Who it should be paid to.
• When the deadlines are.
• Whether or not there is a discount if you pay early.
• If there are installment options.
• Comparing these bills against the original assessment notices to ensure the amounts are all correct can create problems. 

A misstep can lead to late payments that will then include penalties. No one enjoys paying their property tax bill, but paying penalties for an oversight makes the process even more frustrating. So, how can you avoid issues?