HomeMy Public PortalAboutr 99:0599-5
Da~c ot ,\doption.January 1.. 1999
FIXING RATE OF INTEREST TO BE CHARGED
ON I)ELINQI ENT TAXES AND · SSESSMI.N'TS
~,'~ HEREAS, NJ S .~, % 4-(37 permits tile Go,~eining Body oFeach municipality to
fix the ~ate oFinterest to bc charged Fei mm-pa> menl of'taxes or assessments sut~ject
to an> abatement or discount IN the late payment of'taxes as proxicled by laYv: and
VVlIEREAS, N.I SA 544-07 has been amended to permit the lixing o£said rate of
8% per annum on thc Ih'st $1.~00 00 et:the delinquency and 18% pc~ annum on any
amount m excess of SI.50<) 00 and allox~s an additional penalt)of 0% to be collected
against a delinquency in excess of $10,00() 0() on properties that thil to pay the
delinquency prio~ to the end of thc calendar year
NOV,, TIIEREFORE, BE IT RES()LVED b\r the Ma,~or and Council of lite
Borough ol'('mtelet Count\ of \liddlesex State of Ne'e, Jersey as tbllcm, s
1) Tile Fax Collecto~ is heiebx authorized and ditected to charge 8% per ammm on
the first S 1 500 00 oFtaxes becoming delinquent after duc date and 1894, per annum
on any amount of taxes in excess of 51.50000 becoming delinquenl after duc date
and if a delinquencx is 1i/ excess oF S10.000 O0 and remains ill arrears bow)nd
December 31st, and additional penalty of 6°0 st~all be charged against this
<ldinclucnc>
2) Eflbcti,,e .lanuatx I. 109% there ,,',ill be ii ten (10) cia.,,' grace period oFquarterly
tax ioasments made bx cash. check el mc>ne} order
i) An\ paxments not made in accoldance x,.ith paragraph t~o (2) of this resolution
shall be charged interest fi-om lhe due date as set ]k)ilh ill paragraph one (1) of this
resoItltion
4) This resolution shall be published in its entiictv in an oflScial ncv, spapcr of thc
Borough of ('artere/. and a certified cop3 shall be proxrided to the Tax ('ollector
BoTotwh Attorney and Borouuh ,Xudhor
:\dopted this I st dav of Januar\. 1990
and certitied as at true COl>5 of'the original
on .lanuat5 4. 1999
KATHLEENM BARNEY
'Xlunicipal Clerk
£OITNCILM&.N J '~ ES
CRILLEY I -
' X
FAZEKAS .~
'i GUTOWSKI .X
RECORD OF COUNCII; VOTE
no ~,x ~.B. _~
MANCUSO
O'BRIEN
QUINONES
a, clopteci al a mcctmg of thc Municipal Council
Januar~ 1~ 1999