COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR
AGREEMENT TO ENTER INTO A FOUR YEAR INSTALLMENT PAYMENT PLAN
1. To begin the plan, a deposit of 20% of the presently required total amount plus the Four Year Payment Plan startup fee must be submitted on or before the deadline stated. In addition, I must pay all the current and prior year taxes secured or unsecured, including any supplemental or escaped assessments that may be due, in full with or prior to the initial installment payment.
2. Prior to each April 10th on a secured assessment and August 31st on an unsecured assessment, I will be mailed an annual courtesy notice from the Tax Collector as to the Four Year Payment Plan (4YPP) amount due. The 4YPP amount due is the next 20% payment of the original amount, plus the annual maintenance fee. Please note that if the escaped assessments(s) were created due to an error on behalf of the assesse, an additional 0.75% per month of accrued interest will be computed on the unpaid balance and added to each payment due.
3. I must also pay BOTH the current year secured property taxes by April 10 and the current unsecured taxes by August 31, including any supplemental or escaped assessments which may be due, otherwise, this Four Year Payment Plan arrangement will terminate automatically without prior notice.
4. I will keep the Tax Collector promptly informed of any changes in mailing address and will note whether the change is to affect the mailing address on my Four Year Payment Plan.
5. I will accept full responsibility to pay the annual taxes and installments due even though I may, for some reason, fail to receive either the current year tax bill and/or installment payment courtesy notice from the Tax Collector before the due date.
6. Under California law, should this Payment Plan terminate for failure to pay either the current year taxes or the installment payment by the deadline, a re-calculation of the total amount due will occur. This will result in substantial penalties being added to the amount. My property may become subject to tax sale by the County Tax Collector if the prior year taxes have remained unpaid for five years or more.
8. All my rights, payment obligations, and liabilities resulting from non-payment of the current year taxes and/or Four Year Payment Plans are governed by Section 4837.5 of the California Revenue and Taxation Code.