Any payment not received or postmarked by Monday will be assessed a 5 percent penalty and 1 percent interest per month until paid in full.
Gail Downing, Cobb County’s tax commissioner, advised paying whatever you can by the deadline because the penalty and interest will be based on the balance due.
In August, Downing said she mailed 255,625 property-tax bills this year, with a total of $601 million owed to the county’s general, bond and fire funds, the state, the two CIDs and the county school board.
As of Wednesday, Downing had collected 71 percent — $418 million — of 2012 taxes owed.
“Also, there have been over $15 million in adjustments from the appeal process (values lowered by the tax assessors resulting in lower tax bill which should be subtracted from the original $601 million billed),” she said.
Downing expects to collect 90 percent of the payments by Monday’s deadline.
“Ninety percent represents our on-time collections; the rate will increase substantially following the mailing of the first late notice in early November. Generally, through the delinquent collections processes we are in the mid-90s percent range within a couple of months and in the 99 percent range within 12 months,” she said.
By last year’s deadline, Oct. 17, the office had collected 92 percent of 2011 taxes owed, and had collected 99 percent of 2011’s taxes as of Sept. 30, Downing said.
In Cobb, 148,984 residents have the basic homestead exemption, which saves those homeowners $266.60 in taxes.
On top of that, 104,169 Cobb owners have the senior school tax exemption, which exempts property owners age 62 and older from all property taxes charged by the school districts.
Downing said this year begins the gradual reduction, and eventual elimination, of the state’s small property tax, under legislation signed in 2010.
Payments may be mailed to P.O. Box 100127, Marietta, GA 30061 or paid in person at the tax commissioner’s office, 736 Whitlock Ave., Suite 100, in Marietta. Payments may also be made at the East Cobb Government Service Center at 4400 Lower Roswell Road in Marietta or at the South Cobb Government Service Center at 4700 Austell Road in Austell. There are drop boxes outside the front entrance at the tax commissioner’s office and inside the government service centers. Payment may also be made by e-check or credit card on-line or toll-free at (866) PAYCOBB (729-2622).