|Appraisal District Operations Comptroller's Report 42nd Institute on Property Tax and Registration Form Delinquent Penalty & Interest Penalty and Interest Rate Schedule - 2000/2001|
P&I Chart Updated for Delinquent Property Taxes
The updated schedule provides the penalty and interest (P&I) rates used to calculate the total amount due on delinquent tax bills. The months included are October 2000 to September 2001. These rates were governed by Article 7336 (repealed), Texas Revised Civil Statutes, and now by Section 33.01, Property Tax Code. The last schedule published was in the August 1999 STATEMENT.
Section 33.05, Property Tax Code, provides that real property taxes delinquent more than 20 years and personal property taxes delinquent more than 10 years are removed from the tax rolls, unless litigation is pending on those taxes.
The schedule does not include any additional penalty for attorney fees. The rates in this schedule do not apply to taxes paid for omitted property, for split payment, for late mailed tax bills, for installment payments or for homesteads that had an over-65 tax deferral. These rates also do not apply to delinquent taxes in which a successful tax rate rollback election took place because the normal delinquency date does not apply.
To use this schedule, find the month in which the tax is being paid. Go to the tax year in that column for which a delinquent tax was assessed. Multiply the corresponding P&I percentage amount times the tax amount to determine the amount of P&I on the base tax.