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Are the properties owned individually?
I am sure that you itemize. You would be able to pick up the property tax amounts on your schedule A.
The interest would not be deductible.
If you pay them over time I am sure that they would accrue penalties and interest on the unpaid balance.
How much do you owe in property taxes? What is your income?
Are these rental properties?
What state and county are you in?
The penalty is 1 1/2 % a month.
Unfortunately, there is no way to pay the tax now and spread the expense over the years. From your description it sounds like the rental properties are producing a tax loss. In most cases a rental loss is limited to $25,000 on your individual return. So, if your rental properties on your tax return are breaking even or producing a small loss you would be able to spread the benefit of the $70,000 payment over 3 years. The exception would be if you are being treated as a real estate professional. If you meet the qualification of a real estate professional then your loss from rental activities would not be limited.