All personal property and motor vehicle tax bills,
and the payment of all real estate tax bills of $250 or less, shall
be due and payable in full on July 1 of the fiscal year following
the date of assessment of such taxes.
All real estate tax bills of more than $250 shall
be due and payable in two equal installments, on July 1 of the fiscal
year following the date of assessment of such taxes and on the following
January 1.