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home : news : news January 19, 2019

1/7/2019 12:37:00 AM
Pay Property Taxes Monday To Avoid Penalty

Wayne Howard
Staff Writer


You have only one day left to pay your 2018 property taxes without a penalty.

In Lincoln County, annual tax notices for real estate and personal property are mailed in early July, and unlike most counties a 2% discount is allowed from July 1 through August 31. The taxes are due as of September 1st and the last day to pay before they become past due is January 5th the following year. Should January 5th fall on a Saturday or Sunday (as it did this year), the payment period is extended to the next business day. That means you have Monday to pay your property taxes and avoid the penalty.

That same penalty--and the same deadline for paying without penalty--is also true in other North Carolina counties.  2% doesn't sound like a lot--but consider that it's added at once effective Tuesday (Jan. 8th), so the 2% penalty is like 24% annually.  An additional 3/4% interest monthly is added each month (after January) until the balance is paid in full.

If you mail your payment, make sure that it's postmarked with Monday's date.  Any payment received by mail not postmarked with a date Jan. 8th or earlier will be considered as having been paid on the day it is received at the tax office.  

Lincoln (and other area counties) also accept payments made online (CLICK HERE) but a convenience fee is added to the bill.  You can also pay by credit card (call toll-free 1-855-683-4525) but a convenience fee will be charged for processing the transaction. 


  

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