In the state of Colorado, this interest penalty is set at 1 percent per month. This is “simple” interest, so the amount won’t change daily, as it does on bank loans or credit-card balances.
What this means is, if you pay your taxes one day late, say June 16, 1 percent will be added to your bill. If you wait to pay until July 1, then 2 percent will be added to your bill. In August, another 1 percent will be added, so now you would have to pay an additional 3 percent. The La Plata County Treasurer’s Office will not charge interest if the postmark is on or before June 15 for second-half payments.
You may also stop by the office to drop off your check, or go to the La Plata County website to pay by credit card or e-check. If you use the online payment option, our third-party vendor will charge you a fee.
Thank you to all who pay your taxes on time.
Allison Morrissey, La Plata County Treasurer
Durango
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