HomeMy Public PortalAboutR 98:005No. 98-5 Date ot Adoption JANUARY 1, 1998
RESOLUTION #98-5
FIXING RATE OF 1NTEREST TO BE CHARGED
ON DELINQUENT TAXES AND ASSESSMENTS
WHEREAS, NJ.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, NJ.SA54:4-67 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 $10,00000 and remains in arrears beyond
December 31 st, and additional penalty of 6% shall be charged against the delinquency.
2) Effective January 1, 1998, there will be a ten (10) 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 1st day of January, 1998
and certified as a true copy of the original
on January 2, 1998.
KATHLEEN M. BARNEY,
Municipal Clerk
RECORD OF COUNCIl. VOTE
FAILACE O ' BRIEN
X - Indicate Vote AB Absent NV Not Voting XOR - Indicates Vote lo Overrule Veto S j
Adopled att a meeting of the Municipal Council
JANUARY 1, 1998
.
/ "'/' CLERK ~
Mfidavit of Publication
Publisher's Fee $52.64 Affidavit Charge $12.50
State of New Jersey } ss.
MONMOUTH COUNTY
Personally appeared PAT HENEGHAN ? ,,
of Home 1News Tribune, a newspaper printed In Freehold, NJ and published in
NEPTUNE, in said County and State, who being duly sworn, deposeth and saith that the
advertisement of which the annexed is a true copy, has been published tn the said newspaper
1 (ONE) times, once In each issue, as follows
1/61/98l
BE~TR,.E JEAN HOi t~LS A.D., 1§§8
NOTARY PUB[lC OF NEW JERS[Y
., R, ,~ .;~/r~ Sworn and subscribed ~efore me this
7th day of January, A.D., 1998
Notary Public 0f N~ Jersey
~ROUGH OF CAR~RET
RESOLUTION ~98-5
FIXING RATE OF INTEREST TO BE CHARGED ON
bELIN UENTTAXES AND ASSESSMENTS
WHEREAS, ~.J.S A. 54:4 67 permit~ the Governing
Bo~y o each municipality to fix the rate of interest to
be charged fo~ non payment of taxes or
subject to any abatement or discount for the late
pa me~t Of taxes as provided by ~aw; and
~H~REAS, N].S A. 54:4-67 ha~ been amended to
ermit the fixing of said rate of ~ per annum on the
~rs $1 500.00 of the delinquency and 18% per annu~
o~ any amount ~n exces~ o $[.500.00 and allows an
additione pens y of 6% to be collected e~ai~st a
detinquency i~ excess of $[0,000.00 on roperties that
fait to pay the delinquency prior to t~e end of the
calendar ear:
NOW, ~EREFORE, BE IT RESOLVED by the Mayor
e~d Council of the Borough of Carteret. County
Middlesex, State of New Jersey as follows:
[) The Tax Collector is hereby authorized end d~rect-
ed to charge 8% per annum on the first $[,500 O0 of
taxes becom ng delinquent after due date and 1~ per
annum on any a~unt of taxes in excess of
becom ng delinquent after due date and if a deli~quen
cy i~ in excess of $[0 000.00 and remains in arrears
beyond December 3[st. and additional penalty of 6%
shall be cha ged age nst the definquenc .
2) Effective 5anuary 1, [99~+ there wi~ be a ten
day grace period of quarterly tax payments made by
cash, check or money order.
3) Any payments not made in accordance with para
graph two 2 o h s eso u o~ shall be char ed inter
est f~om the due date as se or h n paragra~ one (1
of this resolution.
4 This resolution shall beublished in its entirety in
an official newspaper of the ~rough of Certeret, and a
certified copy shall be provided to the Tax Collector,
BO ouch Attorney end Borough Auditor.
Adopted this [st day of January. 1998 a~d certified
as e true co of the ori inel on ]anuary 2. 1998.
/,/ KATHL~N M* BARNEY
Municipal Clerk
($52.64~ 12398