From the Crosstown Coalition of Taxpayers: Marisa Waxman in Philadelphia Revenue advises as follows: I pay my Real Estate bill in installments, how is that affected by LOOP? Once you are approved for LOOP, you will receive a new coupon book in the spring reflecting the discounted amount and how much you have already paid for 2014. Until then, you may either pay the monthly amount listed in your original coupon book or divide the LOOP discounted tax amount by 12 and pay that each month. REMEMBER that persons who have applied for LOOP can pay the amount of tax they would owe assuming that their LOOP application is approved. If their LOOP application is later denied, they can pay the difference between their earlier payment and the total owed by April 30, 2014 without interest or penalties.
Posted on: Fri, 17 Jan 2014 03:10:29 +0000
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