Modifies provisions relating to payments of real and personal property taxes

HB 388 allows property taxpayers to pay real and personal property taxes in installments (annual, semiannual, or quarterly) instead of one lump sum. It requires counties to estimate taxes based on the previous year’s liability, with taxpayers adjusting payments at year-end for overpayments or underpayments (county refunds excess amounts once yearly, no interest). The bill applies directly to property owners and county tax collectors, setting clear rules for installment schedules and year-end settlements. It does not change tax rates but modifies payment timing and refund procedures for both taxpayers and counties.