INSTALLMENT PAYMENT PLAN FOR DELINQUENT TAXES
INSTALLMENT PRIVILEGE
Any person may elect to pay delinquent taxes in installments at any time before 5:00 p.m. on the last business day of June of the fifth year after the property is declared in default.
TO START AN INSTALLMENT PLAN - To start an installment plan, or to reinstate a defaulted payment plan, an initial fee of $30.00 plus 20% or more of the total amount needed to redeem your property in full is required. If the payment plan is started between April 10 and the last business day of June, the current taxes must also be paid in full.
TO KEEP THE INSTALLMENT PLAN IN GOOD STANDING Not later than April 10th of each fiscal year:
(1) Pay the current taxes in full, and
(2) Make the prescribed installment payment. The prescribed payment is 20% of the original amount due, plus interest. The rate of interest is 1.5% per month (18% APR) on the unpaid balance.
THE PLAN WILL DEFAULT IF EITHER THE CURRENT TAXES OR THE PRESCRIBED INSTALLMENT IS NOT PAID BY APRIL 10TH OF EACH YEAR.
DANGER OF DEFAULT
After default, an installment plan may not be started again until the subsequent July 1st
If during the interim, five years pass since the declaration of default, a Notice of Power to Sell Tax-Defaulted Property will be recorded, subjecting the property to sale at public auction and eliminating the Five Year Installment Plan option. To avoid having the property sold at public auction, all unpaid taxes would then have to be paid in full.
FOR FURTHER INFORMATION, CONTACT:
Modoc County Tax Collector
204 South Court Street
Alturas, CA 96101
(530) 233-6223
TTC@co.modoc.ca.us
Five-Year Payment Plan Agreement form