Minimize late fee penalties due to missing property tax bills

We understand that missing property tax bills can be frustrating and confusing. That’s why we are here with the knowledge and resources to help you manage your property tax bills and avoid all those penalties.

Decoding the challenges of missing property tax bills

1. Unreceived or lost mails are liable for payment too

Property bills lost in the mail or not received are still liable for payment. No matter if you have received or lost the bill, it is the responsibility of the billing party to provide proof that they have paid the bill, and if they fail to do so, they must clear dues.

2. Missing bills are the elephant in the room

It’s important to remember that missing property bills can also incur significant penalties in late fees. You may be able to avoid the late fee by paying your bill within 5 days of the due date, but you’ll still have to pay for any time after that.
You will have to compensate for a late fee if you don’t pay the property bill by the due date. This fee is typically calculated as a percentage of the total amount of your bill and is assessed on any portion of your bill that remains unpaid after the due date.

3. Tracking unreceived bills is a task

Tracking unreceived property bills is a task that needs to be completed regularly. It is especially true if you are leasing out your property and need to track the bills for each tenant. If you are leasing out your property, you will need to know how much each tenant owes in rent and other charges. It will allow you to pay all the bills timely so that you do not have any problems with the bank or credit card company where your payments are made from.
To track these unpaid bills, you must keep good records of what has been paid and has not yet been paid. You should also take note of any late fees that may have been incurred due to late payments or missed payments altogether. This way, there will be no surprises when it comes time for payment!

PTP to your rescue

Missing property bills and then paying penalties is a messy process. We know that you may forget to manage bills in the hustle of daily chores. But what if we tell you there is a way to automate the alert for when that happens? With PTP, you can! PTP will automatically trigger an alert when it recognizes that a bill is missing from your account. It’s easy to set up and free to use.
The PTP system automates the process of sending alerts for missing bills. It is a helpful feature, as it eliminates the hassle of manually triggering an alert every time you need to be alerted when a bill is due. The PTP system automatically triggers an alert when the user has missed paying their bill. The user gets a notification on their device, which they can then respond to by going into their account and paying the bill.

What benefits PTP has to offer you?

We know that keeping on top of all your bills is a challenge. That’s why we’re here to help you identify the bills that are not received ahead of time, so you can take care of them before they become late fees and other charges. Just because you’re too busy to keep track of your bills doesn’t mean you have to pay late fee penalties. We’ll help you avoid those pesky fees by tracking your bills and reminding you when they’re due. You can also set up automatic payments, so you don’t need to worry about missing a payment ever again.
Managing property tax bills can be overwhelming. PTP is here to help you get a handle on your property taxes. We’re proud to offer an easy-to-use online accounting system that will allow you to manage your property taxes in one place! Schedule a demo to explore our services.
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