Can’t pay your property taxes? These states have Covid relief policies
The economic impact of Covid-19 has had such far-reaching implications that even property taxes have started to get some relief. So far, only 16 states have either extended the filing deadline or waived interest or fees and penalties for a fixed term. Other states are joining, and some already have payment plan policies in place that residents can request.
Here are the 16 states, but be aware that while most have a statewide Covid-19 relief policy, some have left management to counties, so there are a few places with policies. different depending on where you live.
- Alaska: The deadline for the first filing of the year has been extended by one month, to July 15. The second deposit is September 15.
- California: This varies by county, but many counties will allow residents to waive the penalty due to Covid-related late payments.
- Connecticut: This varies by locality, but several options included time extensions and low interest rates on overdue balances.
- Florida: This state pays taxes at the start of the year, usually March 31, but this year it granted a two-week extension until April 15. Given that the financial impact of Covid will carry over into next year, it’s worth keeping an eye out to see if they offer relief for next year’s tax payments.
- Illinois: This varies by county; several of them provided extensions.
- Indiana: There was a 60-day penalty waiver for the first deadline and the second deadline, Nov. 10, could also have that option.
- Iowa: Penalties have been waived for the first filing deadline. The second filing deadline, September 1, may also result in penalties being waived.
- Minnesota: This varies by county.
- Mississippi: Penalties and interest have been waived for outstanding balances and new assessments.
- New Jersey: An extension has already been granted for the May 1 filing date and more may be added. Localities have the option of providing extensions or other relief.
- Ohio: A number of counties have granted extensions, so check with your local office.
- Pennsylvania: Residents have until the end of the year to pay without penalty.
- South Carolina: This one may have options available by different localities if you qualify.
- Washington: This also varies by county, but a number of them have multi-month extensions for filing.
- West Virginia: Fees and penalties have been waived until May 1, 2020 for the first filing deadline. They can announce a second moratorium for the second filing deadline, September 1.
- Wisconsin: There is a moratorium on collecting penalties until October 1.
There is such a variety of housing markets on the list, from one of the most expensive (Connecticut) to one of the lowest (Mississippi). There is a chart of how individual states have responded if you want to compare different policies.
No state has offered to cut property taxes, but a number are making it easier for people in financial difficulty by reducing the interest that would normally be applied to missed payments. Mississippi, for example, has suspended accrual of interest on unpaid debts as well as new appraisals. Indiana, on the other hand, waived penalties for 60 days. Also, even if your state isn’t listed here, it may already have payment plans in place that you can apply for to help ease the financial burden.