Details for RESOLUTION 2022-07 RESOLUTION OF THE TOWNSHIP OF STAFFORD, COUNTY OF OCEAN, STATE OF NEW JERSEY, FIXING THE RATE OF INTEREST TO BE CHARGED ON DELINQUENT TAXES, ASSESSMENTS OR OTHER MUNICIPAL LIENS OR CHARGES WHEREAS, N.J.S.A.

RESOLUTION 2022-07 RESOLUTION OF THE TOWNSHIP OF STAFFORD, COUNTY OF OCEAN, STATE OF NEW JERSEY, FIXING THE RATE OF INTEREST TO BE CHARGED ON DELINQUENT TAXES, ASSESSMENTS OR OTHER MUNICIPAL LIENS OR CHARGES 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, assessments or other municipal liens or charges subject to any abatement or discount for the 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 WHEREAS, N.J.S.A. 54:4-67 has been amended to allow for 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 Township Council of the Township of Stafford, County of Ocean, State of New Jersey, as follows: 1. The Tax Collector/Water and Sewer Utility Collector is hereby authorized and directed to charge 8% per annum on the first $1,500.00 of any amount of taxes, assessments or other municipal liens or charges becoming delinquent after due date and 18% per annum on any amount of taxes, assessments or other municipal liens or charges in excess of $1,500.00 becoming delinquent after due date, subject to any abatement or discount for the late payment of taxes, assessments or other municipal liens or charges provided by law; and, if a delinquency is in excess of $10,000.00 and remains in arrears beyond December 31st of the tax year, an additional penalty of 6% shall be charged against the delinquency. 2. Effective January 1, 2022 there will be a ten-day grace period for payment of quarterly taxes, assessments or other municipal liens or charges. 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 in an official newspaper of the Township of Stafford. 5. A certified copy of this resolution shall be provided by the Township Clerk to the Tax Collector/Water and Sewer Utility Collector, Township Attorney, and Township Auditor for the Township of Stafford. CERTIFICATION I, LINDA A. MARTIN, Municipal Clerk of Stafford Township do hereby certify that the foregoing resolution was duly adopted by the Stafford Township Council at a meeting held on the 1st day of JANUARY, 2022. LINDA A.MARTIN, RMC Stafford Township Municipal Clerk Printer Fee: $47.20 Pub Date: January 15, 2022 Order #: 0000180312

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