Instant Interest Manual – Example: Assessment from Assigned Date

Setting up a calculation of an assessment from an assigned date is most easily accomplished on the “Easy Calculation” tab. For example, a tax jurisdiction may make an assessment and begin calculating interest from a specified date. Suppose a $75,000 assessment is made and interest accrues beginning July 15, 2011, to be paid on October 24, 2014. This can be set up on the Easy Calculation form as follows:


The resulting calculation would be: