Pay Property Tax Monthly with Pre-Tax Dollars

We currently use after tax dollars to pay our property taxes twice a year.
There is a much better way.

We would have an employer County property payroll account deduction. If your property tax is $6,000 you could pay $500 a month pre-tax into your account. Your tax is $12,000 you could pay $1,000 a month into your account pre-tax. Here’s an example.

If your gross income is $8,000 a month you pay 30% payroll taxes of $2,400, leaving you $5,600 and a property tax bill.
Let’s take the $8,000 deduct $1,000 Pre-Tax leaving $7,000. Tax on $7,000, $2,100. Leaving you $1,000 in your account and $4,900 for a total of $5,900.

You have $300.00 a month more and now you’re paying property tax monthly so it’s much easier to keep managing a budget. No more tax bills twice a year and adding $300.00 a month to your spendable income is huge.

These accounts work with escrow. These accounts will reduce the number of owners with back tax issues. The County will withdraw monthly tax due. We can also create a pre-tax rent account so that renters can save money.

Since the Counties collect the property taxes it will be easy to set up property accounts, every property already has current records. This could begin January 2025.
Adding $300.00 spendable income per person monthly will add millions of dollars to local economies. Visit dcci3.com