After the first payment, if either the required five year installment payment or the annual current year tax is not paid by April 10 in any tax year, the installment plan will default.
After default, redemption penalties will be re-calculated from the original date of default as if no payment plan was initiated. This may result in a substantial increase in the amount of prior year delinquent taxes outstanding. After re-calculation of the redemption penalties, the payments received through the five year payment plan are deducted from the payoff amount.
After the plan defaults, a new payment plan cannot be started until after July 1 of the following fiscal year. If the property will be tax-defaulted and subject to the Tax Collector's power to sell on July 1 after the plan is defaulted, a new payment plan may not be started. However, a complete redemption of the property may be made with credit given for the amount paid on the installment plan.