Installment Contracts

When Entering Into New Contract

• Please bring a copy of a tax bill for the parcel you want to put on an installment
• Down payment - minimum 10 %
• Term - can be up to 24 months

During the Installment Contract

Installment Contract Instructions

1. All payments are due the last day of the month.
2. When making payments:
   1. return your payment stub
   2. make check payable to Steuben County Commissioner of Finance
   3. write the parcel number on the check
   4. the County will send a receipt for each payment made
3. A 5% charge will be added to any payment that is 15 days overdue.
4. Your last payment stub shows no amount due… You MUST CALL this office for the final amount due.
5. Your contract will be defaulted if:
   1. Any payment is 30 days overdue
   2. Any current property tax due is returned to the County by the local collector (Town and County, School, City, or Village) as unpaid
6. All new taxes levied during the length of the contract must be paid to the local collector.

1. If you have multiple properties under contract: Default on one contract and you default on ALL.
2. If you default,
   1. The installment option (contract) will be cancelled.
   2. Only full payments will be accepted based on tax year. Most recent year must be paid first.
   3. You can not do a new contract on any property for three years.

View a sample installment contract (PDF)