I am looking again on how I will find a big lump sum to pay my property taxes and I was thinking why don’t we have the option of doing monthly direct payments from the bank or, for those who do not want to do direct payments that they could ask for a simple payment book, similar to a cheque book from the council to pay the property taxes throughout the year? It could be the taxes are broken down to 11 monthly payments over a twelve monthly payment and in the last month the full outstanding balance would have to be paid. If you opt for this you loose the 10 per cent discount and any late payment in the last month would have an added 10 per cent charge.
I would think this option would make my financing a lot easier rather than trying to set aside the big lump sum over the year as other life situations often take away saved cash for emergencies and often makes me worry if I can find a few thousand in a few weeks.
Just a shared thought, from a struggling hand to mouth hard working family whose bills and extra taxes keep going up but wages don’t.
Thinking how I can pay my way.