Overview of Taxes


Overview of Taxes

IMPORTANT NOTICE

All Real Estate, Personal Property, and Motor Vehicle tax bills are mailed the last week of June. If you do not receive a tax bill, please contact the Tax Collector’s Office. According to State Statutes, failure to receive a bill does not relieve the taxpayer of his liability for the payment of his taxes or delinquent interest.

Interest is applied the first of each month on all unpaid bills at a rate of 18% annually (1½ % per month), minimum interest charge is $2.00. Interest reverts back to the original due date.

There is a $20.00 service charge for all returned checks.

REAL ESTATE AND PERSONAL PROPERTY TAXES


Real estate and personal property taxes totaling $100, or greater, may be paid semi-annually, as follows:

1st installment due July 1st, last day to pay without penalty is August 1st
2nd installment due January 1st, last day to pay without penalty is February 1st.

The original bill mailed in June is to be used for both installments, no additional bill will be sent. Real Estate and Personal Property taxes totaling less than $100, are due in full in July.

MOTOR VEHICLE TAXES


Motor vehicle taxes are assessed October 1st of each year and are due and payable the following July. The due date is July 1st and the last day to pay without penalty is August 1st. The tax bill covers the assessment period of October 1st through September 30th. The Department of Motor Vehicles supplies the town with a listing of all active registrations as of October 1st.

If a vehicle was replaced after October 1st and the registration was transferred to another vehicle, the July bill is still due in full. You will receive an automatic credit for this vehicle on a supplemental bill in January. For vehicles sold, stolen, totally destroyed and the registration was not transferred to another vehicle, or if you have moved out of state, you may be eligible for a tax credit. To obtain a credit, you must furnish proof as required by the Assessor.

Newly registered vehicles after October 1st but before September 30th are assessed as a supplemental tax due the following January. The due date is January 1st and the last day to pay without penalty is February 1st. The tax bill covers from the date of registration through September 30th.