Olmsted County Property Owners Given More Time to Pay Taxes
Rochester, MN (KROC-AM News) - The Olmsted County Board has decided to enact another "grace period" this year to provide some relief to property owners still struggling due to the COVID-19 pandemic.
The Commissioners voted Tuesday to approve a one-time temporary abatement of the penalties and interest charged for late property tax payments. The first half property tax payment deadline remains May 17th, but the abatement forgives any penalties and interest charges as long as the property owner makes the payment by July 15th.
The abatement does not apply to tax payments made through escrow and county officials are urging property owners not facing hardships due to the pandemic to make their first-half payments on schedule next month.
The County Board last year enacted extensions for the property tax payment deadlines and relieved the property owners from paying penalties and interest as a way of providing economic assistance during the pandemic. Several thousand property owners took advantage of the program.
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