HomeMy Public PortalAboutr 07:005
21\cønluiiûlt of i~£ ~úraug~ nf (!larh'rei, tJ. 3J.
No. ---1ffi7-5~
Date of Adoprion_..lanuary-.L, 2007
FIXING RATE OF INTEREST TO BE CHARGED
ON DELINQUENT TAXES AND ASSESSMENTS
WHEREAS, N.J.S.A.54:4-67 peffi1its 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 peffi1it 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
ofCarteret, 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 $ I ,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 st,
and additional penalty of 6% shall be charged against this delinquency.
2) Effective January 1,2007, 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 crom the due date as set forth in paragraph one (1) ofthis 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 7th day of January, 2007
and certified as a trÜe copy of the original
on January 8,2007.
KATHLEEN M. BARNEY, RMCICMC
Municipal Clerk
I
1_-
--
~-
NO NV A.n.
~ 'COUN CILMAN
ßE.LL~NO__
DIAZ
-- ._~._.. --
KRUM
_.~-
RTOS
1'AR.L_
~
X -Indicate Vute AR - Absent NY - Not Voting XOR _ rndicates Vote 10 Overrule Veto
--
Adopted at a meeting of the Municipal Council
~amlary 7, 2007. .__
46tnA>1~;&A...-
CLE