HomeMy Public PortalAboutr 00:005 No, 00--,% Date of Adoption JANUARY 2, 2000
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 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 this
delinquency.
2) Effective January 1, 2000, 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 2nd day of January, 2000
and certified as a true copy of the original ·
on January 3, 2000.
KATHLEEN M. BARNEY,
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN COUNCILMAN
CRILLEY QUINONES
FAZEKAS SANTORO
O ' BRIEN SOHAYDA
X - Indicate Vote AB - Absent NV - Not VotingXOR - Indicates Vote to Overrule Veto
Adopted at a meeting of thc Municipal Council
JANUARY 2 ~ 2000
- ' ' 'CLERK ~