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Zortec
Property Tax
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Rounding Penalty and Interest
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"In the first example you..."
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     Base Tax $10.00

Penalty @   Penalty Penalty
   1.5% Rounded Added
Mo 1    .15 0.00 0.00
Mo 2    .30 0.00 0.00
Mo3    .45 0.00 0.00
Mo4    .60 1.00 1.00
Mo5    .75 1.00 0.00
Mo6    .90 1.00 0.00
Mo7 1.05 1.00 0.00
Mo8 1.20 1.00 0.00
Mo9 1.35 1.00 0.00
Mo10 1.50 2.00 1.00
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In the next example you will see a tax bill for $208.00.

The Penalty rate is 1.5% per month.

In this example the tax became delinquent 12/31/2007. Penalty will be applied to this tax bill in January 2008.
$208.00 X 1.5%  = $3.12 rounded down to $3.00.
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     Base Tax $208.00

Penalty @   Penalty Penalty
   1.5% Rounded Added
Mo 1    3.12    3.00 3.00
Mo 2    6.24    6.00 3.00
Mo3    9.36    9.00 3.00
Mo4 12.48 12.00 3.00
Mo5 15.60 16.00 4.00
Mo6 18.72 19.00 3.00
Mo7 21.84 22.00 3.00
Mo8 24.96 25.00 3.00
Mo9 28.08 28.00 3.00
Mo10 31.20 31.00 3.00
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"Screen 9 Messages"
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Screen 9 Messages

You can enter an Expiration Date for your message. When the expiration date expires, the message is automatically deleted.
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"Auto Loading ACVs"
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"The ‘Load Tax File"
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"Mortgage Company Payment Files"
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"The Zortec software has the..."
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"From Point of Sale"
  • From Point of Sale
  • After you start the receipt process, press F7 Other options.
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"Then select 7 New Auto..."
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"Enter the Filename"
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"Online Property Tax Access and..."
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"With the Zortec software you..."
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"Contact Marketing or your Field..."