2020.04.27 Council Agenda Item 3

Summary

Order to establish tax collection dates, interest rates, and payment application methods for 2020-2021 property taxes.

A public comment period will be included with this item. 

ACTION: Council action is anticipated.

Description

The Town Council is required by MRSA §36 to set the property tax due date and interest rates each year. At this meeting, the Council will consider an order to establish the fiscal year 2020-2021 tax due dates as November 5, 2020, and May 6, 2021, for real estate taxes; December 1, 2020, for personal property taxes; and to establish 6.0% as the penalty interest rate, and 5.0% as the interest rate for overpayment of taxes.

Pursuant to Title 36, Section 906, of the Maine Revised Statutes Annotated, the Tax Collector is directed to apply any tax payment received from an individual as payment for any property tax against outstanding or delinquent taxes due on that property in chronological order beginning with the oldest unpaid tax bill.

Pursuant to Title 36, Section 506, of the Maine Revised Statutes Annotated, the Tax Collector is directed to accept prepayments of taxes not yet committed with no payment of interest.

The order is attached.

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