It’s 64 cents, not enough to buy a postage stamp, but when you add it all up it might cover a pizza and drinks and maybe more, depending on the value of your property.

On Tuesday Mayor Frank Picozzi announced property tax bills will be online as of today and should be in the mail next week.

The residential rate is $12.70 per $1,000 of assessed valuation, a 64-cent decrease from the $13.34 projected rate when the $380.3 million city budget was approved in May. This amounts to a $128 tax reduction in the initial rate on a residential property assessed at $200,000. The commercial rate likewise went down from a projection of $25.45 to $23.99, a drop of $1.46.

Because of a delay in issuing the tax bills, the customary July 15 deadline for the first quarterly payment without penalty has been extended to Aug. 15. Those choosing to pay their property taxes in full have until Sept. 15 without incurring interest.

City Tax Assessor Neal Dupuis blamed the delay in getting out the bills on the “configuration” of the city’s computer servers that turned what should have been a half-hour computing project into five hours. The problem was quickly remedied once identified.

Dupuis said the online tax bills would be transmitted to the city’s vendor, which would have the bills in the mail in five business days. While the bills will say the first quarterly payment is due July 15, the envelope will include a notice that payments will be accepted without interest until Aug. 15.

“There was never any danger of running out of money,” Picozzi said alluding to the potential effects of delayed tax revenues.