Bonds may be filed as a "Cash Bond" (cash, check, or credit card) or a "Non-Cash Bond" (Surety, Line of Credit, or Certificate of Deposit)
If bonding using a Cash Bond:
- The Tax Collector will pay all taxes that have been bonded for on the Bond Request Form. If tax bills are more than funds available, the Tax Collector will request additional funds from the applicant.
- In June of the following year, If all taxes are paid, the Tax Collector will release any additional funds from the cash bond back to original payee.
If bonding using a Non-Cash Bond:
- The owners are still responsible for all taxes due. If taxes are outstanding in June, the Tax Collector will use the Non-Cash Bond to pay for outstanding taxes.
- In June of following year, If all taxes are paid, the Tax Collector will release its ownership in the Non-Cash Bond.