[Adopted 2-15-2018 by Ord. No. 2018-02]
This article shall be known as "Installment Payment of Real Estate Taxes."
Natural persons who are obligated to pay tax levied on real property within the Borough of Homestead may pay the tax in no more than four installments.
The installment payments shall be made on the following schedule:
A penalty of 10% shall be added to each installment that is not paid when due.
If payment of taxes is made on an installment basis, no abatement or discount shall be allowed on such taxes.
The payment of the first installment by a natural person before the same becomes delinquent shall conclusively evidence an intention to pay the taxes on the installment plan.
If a natural person shall fail to evidence an intention to pay on the installment plan, as hereinbefore provided, the taxes shall become due and payable and collected as elsewhere provided by law, subject to the discounts and penalties provided thereby.