Taxpayers save millions with early payment discounts

Published: Wednesday, December 12, 2012 at 12:34 PM.

FORT WALTON BEACH — Tax collections for November, when taxpayers receive the largest early-payment discount of 4 percent, resulted in millions of savings, the Okaloosa County Tax Office reported.

“Due to that discount, Okaloosa taxpayers realized just over $5.6 million dollars in combined savings,” Tax Collector Ben Anderson said. “Because we work for the citizens, it has been a priority to communicate all possible ways to save and conduct business with our office. As a result, the taxpayer gets to keep more of their hard-earned money in their pocket.”

Seventy-four percent of 2012’s total tax revenue was collected by Nov. 30.

Internet transactions reportedly increased by 193 percent from the same time last year and payments via free E-check increased almost 500 percent over November 2011.

Anderson said those who haven’t done so should sign up for BillExpress, which sends tax bills to your inbox and mailbox.

An installment payment plan is also available.

“The installment option allows you to spread out those tax payments over the course of the tax year, easing the burden of lump sum payments,” Anderson said.

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