Fact Check: Interest on tax bills | WHEC.com

Fact Check: Interest on tax bills

Nikki Rudd
Created: January 31, 2022 11:00 PM

ROCHESTER, N.Y. (WHEC) — If you own a home you probably know your property and school taxes are due on Jan. 31. If you don't have an escrow account as part of your mortgage you're paying that out of pocket.

In Rochester and Monroe County you can pay your tax bills in four installments. A viewer claims Monroe County adds interest while the city does not. Is that true? News10NBC's Nikki Rudd is checking the facts.

We all know taxes are high here in New York. So that money adds up, and not everyone has thousands of dollars just sitting in their bank account.

The City of Rochester mails out your tax bills in July, and you have the option to pay in four installments. The installment deadlines are: July 31, September 30, January 31, and March 31.  As long as you meet those deadlines you won't be charged interest. 

For Monroe County taxes that's not the case. If you don't pay your property and school taxes by February 10, you'll be charged interest of 1.5% per month; or 18% per year. If you broke it down into four installment payments that would total 1.5%, 3% and 4.5% on those payments. 

Why the difference between the city and county? A little document called the Monroe County Tax Act. It's all laid out right there in "§ 14 - Interest" for delay in payment of tax.

"It would take an amendment to state law (our tax act) to alter or eliminate interest charges from our tax bill," said Monroe County Communications Director Gary Walker.

So our viewer is correct. The City of Rochester does not charge interest on tax installment payments, but Monroe County does. That is a fact. 

Click here for details on City of Rochester property and school taxes.

Click here for payment instructions for Monroe County taxes.

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