This Part shall be known as "Installment Payment of Real Estate
Taxes."
Natural persons who are obligated to pay tax levied on real
property within the Borough of Homestead may pay the tax in no more
than four installments.
The installment payments shall be made on the following schedule:
1. First payment, on or before
March 30;
2. Second payment, on or before
May 31;
3. Third payment, on or before
July 31.
A penalty of 10% shall be added to each installment that is
not paid when due.
If payment of taxes is made on an installment basis, no abatement
or discount shall be allowed on such taxes.
The payment of the first installment by a natural person before
the same becomes delinquent shall conclusively evidence an intention
to pay the taxes on the installment plan.
If a natural person shall fail to evidence an intention to pay
on the installment plan, as hereinbefore provided, the taxes shall
become due and payable and collected as elsewhere provided by law,
subject to the discounts and penalties provided thereby.