Delinquent Penalty & InterestP&I Chart Updated to Add Another Delinquent Year
The Comptroller’s Property Tax Division has updated the penalty and interest (P&I) rate schedule used to calculate the total amount due on delinquent property tax bills. The updated schedule is for delinquent tax payments in the months of October 2004 through September 2005. The last schedule was published in the August 2003 STATEMENT.
Tax Code Section 33.01 establishes the P&I rates on delinquent property taxes. Tax Code Section 33.05 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 the taxing unit has pending litigation on those taxes. The schedule below shows the rates for 20 years.
The schedule does not include any additional penalty for attorney fees.
The schedule includes the rates for taxes delinquent on February 1 of the tax year. These rates do not apply to delinquent taxes based on a different delinquency date. Instances of a different delinquency date include taxes on omitted property, split payments, late mailed tax bills, installment payments or homesteads with a tax deferral. Except for school districts, these rates also do not apply to delinquent taxes for a year in which a tax rate rollback election reduced the tax rate because the taxing unit had to extend the delinquency date.
To use this schedule, find the month in which the tax is being paid. Go to the tax year in that column for which the delinquent tax was assessed. Multiply the corresponding P&I percentage amount by the tax amount to determine the amount of P&I on the delinquent base tax.
Penalty & Interest Rate Schedule - 2004/2005
October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 Year P&I Year P&I Year P&I Year P&I Year P&I Year P&I 1984 2.490 1984 2.500 1984 2.510 1984 2.520 1985 2.370 1985 2.380 1985 2.390 1985 2.400 1985 2.410 1985 2.420 1986 2.250 1986 2.260 1986 2.270 1986 2.280 1986 2.290 1986 2.300 1987 2.130 1987 2.140 1987 2.150 1987 2.160 1987 2.170 1987 2.180 1988 2.010 1988 2.020 1988 2.030 1988 2.040 1988 2.050 1988 2.060 1989 1.890 1989 1.900 1989 1.910 1989 1.920 1989 1.930 1989 1.940 1990 1.770 1990 1.780 1990 1.790 1990 1.800 1990 1.810 1990 1.820 1991 1.650 1991 1.660 1991 1.670 1991 1.680 1991 1.690 1991 1.700 1992 1.530 1992 1.540 1992 1.550 1992 1.560 1992 1.570 1992 1.580 1993 1.410 1993 1.420 1993 1.430 1993 1.440 1993 1.450 1993 1.460 1994 1.290 1994 1.300 1994 1.310 1994 1.320 1994 1.330 1994 1.340 1995 1.170 1995 1.180 1995 1.190 1995 1.200 1995 1.210 1995 1.220 1996 1.050 1996 1.060 1996 1.070 1996 1.080 1996 1.090 1996 1.100 1997 0.930 1997 0.940 1997 0.950 1997 0.960 1997 0.970 1997 0.980 1998 0.810 1998 0.820 1998 0.830 1998 0.840 1998 0.850 1998 0.860 1999 0.690 1999 0.700 1999 0.710 1999 0.720 1999 0.730 1999 0.740 2000 0.570 2000 0.580 2000 0.590 2000 0.600 2000 0.610 2000 0.620 2001 0.450 2001 0.460 2001 0.470 2001 0.480 2001 0.490 2001 0.500 2002 0.330 2002 0.340 2002 0.350 2002 0.360 2002 0.370 2002 0.380 2003 0.210 2003 0.220 2003 0.230 2003 0.240 2003 0.250 2003 0.260 2004 0.070 2004 0.090
April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 Year P&I Year P&I Year P&I Year P&I Year P&I Year P&I 1985 2.430 1985 2.440 1985 2.450 1985 2.460 1985 2.470 1985 2.480 1986 2.310 1986 2.320 1986 2.330 1986 2.340 1986 2.350 1986 2.360 1987 2.190 1987 2.200 1987 2.210 1987 2.220 1987 2.230 1987 2.240 1988 2.070 1988 2.080 1988 2.090 1988 2.100 1988 2.110 1988 2.120 1989 1.950 1989 1.960 1989 1.970 1989 1.980 1989 1.990 1989 2.000 1990 1.830 1990 1.840 1990 1.850 1990 1.860 1990 1.870 1990 1.880 1991 1.710 1991 1.720 1991 1.730 1991 1.740 1991 1.750 1991 1.760 1992 1.590 1992 1.600 1992 1.610 1992 1.620 1992 1.630 1992 1.640 1993 1.470 1993 1.480 1993 1.490 1993 1.500 1993 1.510 1993 1.520 1994 1.350 1994 1.360 1994 1.370 1994 1.380 1994 1.390 1994 1.400 1995 1.230 1995 1.240 1995 1.250 1995 1.260 1995 1.270 1995 1.280 1996 1.110 1996 1.120 1996 1.130 1996 1.140 1996 1.150 1996 1.160 1997 0.990 1997 1.000 1997 1.010 1997 1.020 1997 1.030 1997 1.040 1998 0.870 1998 0.880 1998 0.890 1998 0.900 1998 0.910 1998 0.920 1999 0.750 1999 0.760 1999 0.770 1999 0.780 1999 0.790 1999 0.800 2000 0.630 2000 0.640 2000 0.650 2000 0.660 2000 0.670 2000 0.680 2001 0.510 2001 0.520 2001 0.530 2001 0.540 2001 0.550 2001 0.560 2002 0.390 2002 0.400 2002 0.410 2002 0.420 2002 0.430 2002 0.440 2003 0.270 2003 0.280 2003 0.290 2003 0.300 2003 0.310 2003 0.320 2004 0.110 2004 0.130 2004 0.150 2004 0.180 2004 0.190 2004 0.200
