Pre-Authorized Tax Payment Plan
Donnellys Pre-Authorized Tax (PAT) Payment Plan can help.
A monthly tax payment plan is the smart way to pay your property tax.
Now you can pay your taxes in twelve monthly installments instead of a single large payment.
Makes your month to month budgeting for expenses easier. Avoids the embarrassment of missing payments or a penalty charge for late payments.
How it Works
The PAT Plan runs from January to December each year. Your first four monthly payments will be estimated based on your previous year’s tax levy.
Residents receive their tax notice in May. As PAT Plan participant, your monthly payments will then be revised for your June payment.
Any adjustments required as a result of the annual levy will be spread over the last eight payments of the year. The revised payments continue until May of the following year.
Payments may only be made by automatic withdrawal from an account with CHEQUING privileges at a bank, trust company, treasury branch, or credit union. The Village requires your written permission before the withdrawals begin. There is no charge for this service; however, your normal bank charges may apply.
Example
Last year’s taxes …………..$1,800.00
January thru April Payments
($1800 – 12 months = $150/month)
x 4 months ……………………. $ 600.00
Current Tax Bill ……………….. $ 1855.00
Less January thru April payments 600.00
Balance Owing …………………… $ 1255.00
May thru December Monthly Payments
($ 1255 – 8 months = $156.88 )
x 8 months …………………………. $ 1255.04
Balance at December ………… 0.04 CREDIT
The resulting credit balance will be carried forward to the next taxation year.