County's 1.07% interest rate for investment period
Date
Payment
Days
Invested Earnings
Feb.1
$216.67
150
$.96
Mar. 1
$216.67
122
$.78
Apr. 1
$216.67
91
$.58
May 1
$216.67
61
$.39
June 1
$216.67
30
$.19
TOTAL EARNINGS (half year)
$2.90
Full Allowable Payment
Semi-annual taxes $1300.00 divided by 6
Payment of $1083.35 made on Feb. 1
County's 1.07% interest rate for investment period
Date
Payment
Days
Invested Earnings
Feb.1
$1083.35
150
$4.82
TOTAL EARNINGS (half year)
$4.82
It is easy to see that the larger the initial payment, the greater the discount credit. This is true throughout the payment period. If the taxpayer makes larger payments in the early months, the discount credit is increased. Using the above data, if the taxpayer increases payment to $433.34 in February and March, makes the $216.67 payment in April and pays nothing in May and June, the total discount earnings would increase to $3.87. You decide the payment amount and time of payment. Easy and manageable.
(Above calculations are approximate earnings for program participation.)
Real Estate Discount: 330-643-2590
Office Location: Ohio Building 175 South Main Street 3rd Floor Akron, Ohio 44308
Real Estate Discount 
