The Riverside School Board has made the following changes to collection policy caused by COVID-19 that will ease the property tax burden:
Discount Period: Extended by two months
Prior Discount Period: August 1st-September 30th
New Discount Period: August 1st-November 30th
Discount Rate: Increased by 3%
Prior Discount Rate: 2%
New Discount Rate: 5%
Face Value Period: Extended by two months
Prior Face Value Period: October 1st-November 30th
New Face Value Period: December 1st-December 31st
Delinquent Penalty: Extended by one month and reduced by 5%
Prior Delinquent Penalty: 10% penalty after December 1st
New Delinquent Penalty: Eliminated 10% penalty after December 1st, 5% after December 31st