Resolution 06-22: Fixing Interest Rate On Delinquent Taxes

January 14, 2022

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 nonpayment 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 of taxes in excess of $1,500.00;

NOW, THEREFORE, BE IT RESOLVED by the Mayor and Township Committee of the Township of Mannington, County of Salem, 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.
  2. Effective January 1, 2022, there will be a ten (10) day grace period of quarterly tax payments made by cash, check, credit/debit, or
    money order.
  3. Any payments not made in accordance with paragraph two of this resolution shall be charged interest from the due date as set forth in
    paragraph one of this resolution.
  4. This resolution shall be published in its entirety once on the Township of Mannington website.
  5. A certified copy of this resolution shall be provided by the Township Clerk to the Tax Collector, Solicitor and Auditor for the Township of Mannington.