The statute provides the method for authorizing interest and the maximum rate to be charged for the nonpayment of taxes or assessments on or before the date when they would become delinquent.
The governing body on January 3, 2012 adopted the following resolution authorizing interest to be charged on delinquent taxes:
“BE IT RESOLVED by the Township Council of the Township of Jackson, County of Ocean, State of New Jersey, the rate of interest charged on delinquent taxes or assessments on any installment made eight (8) days after the date upon which the same became payable, shall not exceed eight (8) percent per annum of the first One Thousand Five Hundred Dollars ($1,500.00) of the delinquency, and eighteen (18) percent per annum on any amount in excess of One Thousand Five Hundred Dollars ($1,500.00).
BE IT FURTHER RESOLVED, that where interest on delinquent tax payments is one dollar ($1.00) or less, payment and collection of said interest is hereby waived."
It appears from an examination of the Collector's record that interest was collected in accordance with the foregoing resolution.
The delinquent taxes at December 31, 2012 included 2012, 2011, 2010, 2009, 2008, and 2007 real estate taxes.
The last tax sale was held on October 3, 2012 and was complete.
The following comparison is made of the number of tax title liens receivable on December 31 of the last three years:
| YEAR | NUMBER OF LIENS |
|---|---|
| 2012 | 145 |
| 2011 | 125 |
| 2010 | 119 |
The audit of senior citizen and veteran deductions on a test basis revealed that deductions appear reasonable.
A test check of paid bills was made and each bill, upon proper approval, was considered as a separate and individual contract unless the records disclosed it to be a partial payment or estimate.
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