(a) Prior to the levy of taxes, the borough may accept prepayment of estimated taxes.

(b) If a replat or other action regarding a parcel results in a change in the legal description of a parcel prior to payment of taxes for the year in which the change occurs, the assessed value attributable to the parcel existing as of January 1 of the year in which the change occurs (original parcel) may be apportioned between the parcel or parcels which contain all or part of the original parcel. If a prepayment was tendered under subsection (a) of this section, after taxes are levied any excess shall be refunded to the party submitting prepayment. Any deficiency, whether related to a replat or caused by some other circumstance, may be collected as provided by law. [Ord. No. 985, §1, 3-18-96; Ord. No. 984, §1, 12-4-95. Code 1974 §45.13.115.]