HomeMy Public PortalAboutr 13-005�Reoolutiou of 14e �oroug4 of (1l arteret, J'' �c
No. ]3-5
Date of Adoption Mlary 6, 2013
RESOLUTION #13 -5
FIXING RATE OF INTEREST TO BE CHARGED
ON DELINQUENT TAXES AND ASSESSMENTS
WHEREAS, N.1.S.A. 54:4 -67 permits the Governing Body of each municipality to fix the rate of interest
to be charged for non - payment of taxes or assessments subject to any abatement or discount for the
late payment of taxes as provided by law; and
WHEREAS, N.1.S.A.54:4 -67 has been amended to permit the fixing of said rate of 8% per annum on
the first $1,500.00 of the delinquency and 18% per annum on any amount In excess of $1,500.00 and
allows an additional penalty of 6% to be collected against a delinquency in excess of $10,000.00 on
properties that fail to pay the delinquency prior to the end of the calendar year;
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough of Carteret, County of
Middlesex, State of New Jersey as follows:
1) The Tax Collector is hereby authorized and directed to charge 8% per annum on the first $1,500.00
of taxes becoming delinquent after due date and 18% per annum on any amount of taxes in excess of
$1,500.00 becoming delinquent after due date and if a delinquency is in excess of $10,000.00 and
remains in arrears beyond December 31st, and additional penalty of 6% shall be charged against the
delinquency.
2) Effective January 1, 2013, there will be a ten t10) day grace period of quarterly tax payments made
by cash, check or money order.
3) Any payments not made in accordance with paragraph two (2) of this resolution shall be charged
interest from the due date as set forth in paragraph one (1) of this resolution.
4) This resolution shall be published in its entirety in an official newspaper of the Borough of Carteret,
and a certified copy shall be provided to the Tax Collector, Borough Attorney and Borough Auditor.
Adopted this 6th day of January, 2013 and
certified as a true copy of the original
on January 7th, 2013.
lftlHM M. 64ldUN MC
Mlmicipal Cleric
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COIINCILMIAN
YES
NO
NV
F A.B.
BELLING
X
KRUhf
DIAZ
NAPLES
DI NASCIO
X
SITARZ
X
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
Jammy 6, 2013
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