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HomeMy Public PortalAboutr 24-005lk alatian of #he 190zaug4 of &rfi d, Y� X� No. #24-5 Date of Adoption January 2, 2024 FIXING RATE OF INTEREST TO BE CHARGED , ON DELINQUENT TAXES AND ASSESSMENTS WHEREAS, N.J.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.J.S.A.54:4-67 has been amended to permit the fixing of said rate of 8% per annual 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; WHEREAS, N.J.S.A, 40A:5-17 allows for cancellation of property tax and sewer overpayments or delinquent amounts +/- $10:00. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough of Carteret, County of Middlesex, State of New Jersey as follows: I. 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 31 at, and additional penalty of 6% shall be charged against the delinquency. 2. Effective January 1, 2024, 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. Tax Collector is hereby authorized to cancel overpayments or delinquent amounts+/- $10.00. 5. 100% Disabled Veteran will be recorded by the Tax Collector in the year the application is submitted to the Tax Assessor. 6. 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 2nd day of January, 2024 and certified as a true copy of the original on January 3, 2024. CARMELA POGORZELSKI, RMC Municipal Clerk RECORD OR COUNCIL VOTE COUNCILMAN YES NO NV A.B. COUNCILMAN YBS NO NV A.II, BELLINO X JOHAI. X DIAZ X KRUM X DIMASCIO X NAPLES X X-Indicate Vote AB - Absent NV-No[Voting XOR-Indicates Vate to Overmle Veto Adopted at a meeting of the Municipal Council fl January 2, 024 ; Anl r r�A Mc v AFFIDAVIT OF PUBLICATION The following is a true copy of an Ordinance or Resolution of the Borough of Carteret that has appeared in the Home News Tribune, a newspaper which is printed in Freehold, New Jersey and published in Neptune, in said County and State and of general circulation in said county. One 1 time(s), once in each issue as follows: January 9, 2024 mumcipat ujerx Notary/P)Mic of New Jersey Sworn and subscribed before me this ±L day of Ud