Property Tax Year and Collection of Property Taxes

9.1. Assessment by county assessor. -- Property assessed by a county assessor is assessed annually, as of the first day of July, for ad valorem property taxes levied for the next property tax year, which is the next ensuing calendar year, e.g., if the assessment day is July 1, 2005, the property tax year is the calendar year beginning January 1, 2006. The county sheriff mails personal property tax tickets or statements to the persons in whose name property taxes are charged on the property books beginning July 15th of the property tax year for which the taxes are assessed. These taxes are payable in two installments. The first installment payment is due September 1st of the property tax year and becomes delinquent if not paid before October 1st of the property tax year. The second installment payment is due March 1st of the next calendar year and becomes delinquent if not paid before April 1st of that calendar year, e.g., property taxes assessed for the 2006 property tax year may be paid in two installments--the first installment is due September 1, 2006, and becomes delinquent on October 1, 2006, if not paid before that date; the second installment is due March 1, 2007, and becomes delinquent on April 1, 2007, if not paid before that date.

9.2. Assessment by Board of Public Works.--The operating property of a public service business is assessed annually by the Board of Public Works. After the county commissions, county boards of education and municipalities meet on the third Tuesday in April of the property tax year, to set their levy rates for that property tax year, and the rates are certified to the State Auditor, the Auditor completes his or her books and makes out a statement of the property taxes and levies, which is mailed to the owner or operator of the public service business. These taxes are payable in two installments. The first installment payment is due September 1st of the property tax year and becomes delinquent if not paid on or before that date. The second installment payment is due March 1st of the next calendar year and becomes delinquent if not paid on or before that date, e.g., property taxes assessed for the 2006 property tax year may be paid in two installments--the first installment is due September 1, 2006, and becomes delinquent on September 2, 2006, if not paid before that date; the second installment is due March 1, 2007, and becomes delinquent on March 2, 2007, if not paid before that date.

9.3. Appendix A of this rule sets forth additional information about the ad valorem property tax cycle.