Is it better to charge a state property tax bill to a credit card to avoid a late payment ? (pay, taxes)

[Siberiaboy]

Assuming the credit card APR is 22% and the delinquent late fee is only 1.5% per year?

Does a late payment of taxes hit your credit score?

I won’t have the money on hand to pay this entire tax bill in 30 days and I don’t want to get into revolving credit card debt over this

What would you suggest ?

[fishbrains]

I suggest you follow the advice given in other threads, and if you have followup questions, post them there.

[davebarnes]

What “state” has a property tax?

[SuiteLiving]

Debtors Prison

[gailjnh]

I would call the state tax collector and explain that you can't pay it all at once and see if they will offer a payment plan. I'm sure after this past 15 or so months, you wouldn't be the first to ask.

[Thatsright19]

Don’t worry, the worst thing that could happen is they send you to Siberia or something.

[MrRational]

Originally Posted by Siberiaboy

What would you suggest ?

Pay the penalty. Use it as a learning tool.
Then stop relying on CC's for expenses you should already have budgeted.

[RationalExpectations]

In our county, if you wish to use a CC to pay your property tax, you are charged an incremental 3% fee.

[Lillie767]

Many people would be well served to self-escrow taxes. Just shovel cash every month into a separate bank account. Voila, come tax payment time, the money is all there.

[Driver 47]

Originally Posted by Siberiaboy

Assuming the credit card APR is 22% and the delinquent late fee is only 1.5% per year?

Does a late payment of taxes hit your credit score?

I won’t have the money on hand to pay this entire tax bill in 30 days and I don’t want to get into revolving credit card debt over this

What would you suggest ?

What is the "delinquent late fee" being imposed on, the tax bill or your credit card ? Since you have given an annual amount for this late fee, I'll presume this is for your tax bill. Figure out the amount payable if delinquent for one year.

Next, go to your credit card statements for the past 12 months and average out what they are charging you monthly and multiply the result by 12 for an annual amount.

Compare the annual (estimated) credit card interest charge to the "delinquent tax fee".

Which is the larger amount owed ? Tax bill or credit card ?

Now which has the higher interest rate ?

Now we come to a missing piece in your puzzle. Your budget and the credit score. It's my belief late tax payments are not reported to credit bureaus. I'm not an expert and might be wrong.

As suggested, contact whichever department is collecting these "delinquent fees" and work out a payment plan which fits your budget best.

Good luck!