Provides for interest to accrue on missed installment payments beginning from the due date of such missed installment payment

This bill amends New York's real property tax law to require interest on overdue installment payments to begin accruing immediately on the original due date, rather than from a later date. It directly affects property owners who pay taxes in installments, ensuring interest starts calculating as soon as a payment is missed. The key change clarifies that interest rates apply from the missed payment's due date, as specified in the law. This is a procedural adjustment to tax collection timing, not a new tax or fee.