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10- 5 Date of Adoption .1<1"",,1]' 1; ?O10
No.
FIXING RATE OF INTEREST TO BE CHARGED ON DELINQUENT TAXES
AND ASSESSMENTS
WHEREAS, N.J.S.A. 54-467 permits the Govenling Body of each murlicipality to fix
the rate of interest to be charged for nOllwpayment of taxes or assessments subject to any
abatement or discOlUlt for the late payment of taxes as provided by law; and
WHEREAS, N.J.S.A. 54:4-67 has been amended to pemlit the fixing of said rate of 8%
per annum on the flISt $1,500.00 of the delinquency and 18% per armum on any anlOunt
in excess $1,500.00 and allows an additional penalty of 6% to be collected against a
delinquency in excess of $1 0,000.00 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 $1,500.00 of taxes becoming delinquent after due date and 18%
per ammm of taxes in excess of$I,500.00 becoming delinquent after due date
if a delinquency is in excess of $10,000.00 and remains in arrears beyond
December 31 ", and additional penalty of 6% shall be charged against the
delinquency.
2) Effective January I, 2010, there will be a ten (10) day grace period of
quarterly tax payments made by cash, check, or money.
3) Any payments not made in accordance with paragraph two (2) of tl1is
resolution shalJ be charged interest from the due date as set forth in paragraph
one (I) of this resolution.
4) This resolution shalJ be published in its entirety in an official newspaper of
the Borough of Carteret, and a certified copy shalJ be provided to the Tax
Collector, Borough Attorney and Borough Auditor.
Adopted this 3" day ofJanuary, 2010 and
certified as a true copy of the original on
January 4th, 2010.
KATHLEEN M. BARNEY, MMC
Murucipal Clerk
RECORD OF COUNCIL VOTE
NO NY A.B. COUNCILMAN YES NO NV A.B.
COUNCILMAN YES
t'EllJlIJ X J<1JM X
X "m= X
DIAl
X <T'T'A1>'7 X
DIMmO
x - Indicate Vote AS. Absent NY - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
~Jarrnry 3, 2010
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AFFIDAVIT OF PUBLICATION
The following is a true copy of an Ordinance or Resolution of the
Borough of Carteret that has appeared in the Home News Tribune, a
newspaper which is printed in Freehold, New Jersey and published
in Neptune, in said County and State and of general circulation in
said county. One ill time(s), once in each issue as follows:
Januarv 6. 2010
(-}::2~~<> 0 ~NA'tl.../
Notary Public of New Jersey
UI~D/\ ^ nIVEr1/\
i'JOTi\I1Y PUBliC Of NEW.)[11:;1:'(
iV1Y GOfvliVIl:3~;H)H r:xpuu:s IVJ/\Y? ?u
Sworn and subscribed before
me this C;,lj., day O~f
dolO.
~---r
BOROUGH OF CARlEREI
fJ~.'NG~~S.~t~i~~~~iila,.u.8.E
CHARGEQQN QELINQVENT
TAXI?:SANQ ASSESSMENTS
NHE:REAS,J'Il,J,$.A. . 54i4~f,57permlts the
Govi!!rnlrig 8<l9yol eachmunlcl~tity to fix
the Jate ...01 ..lnterestJo .i,>e ... cJ1arged(or non,
payment of taxes or assessmenls subject to
i:lnyabatementordiscount. for the l{ltE~ pay-
ment of taxes as provided by law; and . ..
WHE:REAS,. .N,J,$.A, .54:4~67. ....has ~n
amernJel:t to permit the fixing of said rate of
8% per annurn on the first $1,500.00 of Ule
delinquency ...aOd ..18% .~r annum. an any
amount In e)(~ $1,500.00 and allaws an
addlt!oilal ~naltv06% \0,. becoUecled
against. a ..delfnquenCY. n.. excess of
$10,000.00.0,0 PrQPE!'rtles thal. fall to pay
the de.llnquencypri()rto, the end{,)f thecal.
~~.x,y~BkRiFORE:,BE IT RESOLVED b~
the MaY(HandCouncll of the Bo,ro,uRhQf
Carteret,County o,fMlddh:!;$ex, State otNew
{'~~eaV~lo,~iectorls. harebY..autho,riZed
and directed to, charge 6%.' per, annum. o,n
th~firsL$l;50().00 of taxes becoming delhl-
quent after dl,le date and 18% ~r annum of
taxes In excess o,f $1,500.00 becomlng(fe.
IInquent after due dale If a delinquency Is In
eX~$so,f$10,OOO.oO and remains In ar.
rears ~yo,nd December 31st, and ""ddl\lonal
penaltY of 6% shall he ch..rge~. against the
~)I~#~1rvClJ:anu~uy 1, 201~,there will be a
ten (0) day grace ~rlod .of,quarterly tax
pa)'Jl\enls made by cilsh, check, or money.
3) Any payments not madelnaccordaQq3;
~~~I g:l~~~~~ t~fer~lJ~~~hi~er~~~uJ~~
assi;lt!()rthlnparilgraPn9rll:l:J1>, of thls}esc^
~1)u~~~kr~lu~jbn;llall~ipG~iIShed IriJ~
~~~he~fjB~':rer~rC~%t:wJe'lt'JJa1o~: s~l.
be pro,vided to iheTax ~lle,~tQ'" J3,oralJl!h,
Attorney arid Borough Auditor. < ...,
($27;5~) ... . 079199
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