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WHEREAS, it is the desire of the Township Council to keep the residents and taxpayers of the Jackson as informed as possible.
NOW, THEREFORE, BE IT RESOLVED by the Township Council of the Township of Jackson, County of Ocean and State of New Jersey as follows:
The following newspapers are hereby designated as official newspapers for publication for all Township advertisements and notices required by law to be published commencing January 1, 2021 through December 31, 2021:
Asbury Park Press
Tri-Town News
Jackson Times
Certified copies of this resolution to the Municipal Administrator, aforesaid newspapers and any other interested parties.
DATED: 1-5-21
RESOLUTION 049R-21
TITLE: SET INTEREST RATE ON DELINQUENT TAXES AND ESTABLISH LATE PENALTIES ON OVERDUE REAL PROPERTY TAXES FOR CY 2021
WHEREAS, the New Jersey Legislature adopted Chapter 75 of the Public Laws of 1991 allowing municipalities to add a delinquency penalty for real property taxes, assessments or other municipal charges in excess of $10,000.00 if they are delinquent at the end of the year; and
WHEREAS, the maximum interest rates allowable by law are 8% up to the first $1,500.00 and 18% on amounts over $1,500.00; and
WHEREAS, the governing body may impose an additional 6% penalty on delinquencies at the end of the calendar year if they are in excess of $10,000.00; and
WHEREAS, it is now the desire of this governing body to impose this additional penalty as provided by law.
NOW, THEREFORE, BE IT RESOLVED by the Township Council of the Township of Jackson, County of Ocean and State of New Jersey as follows:
That the Township Council of Jackson Township hereby formally implements Chapter 75 of the Public Laws of 1991 by establishing a "delinquency" penalty in the amount of 6% of the tax assessments or other municipal charges or delinquencies in excess of $10,000.00 at the end of the calendar year. This shall be in addition to the interest rates of 8% on delinquent taxes up to $1,500.00 and 18% on delinquent taxes in excess of $1,500.00.
The Governing Body of the Township of Jackson hereby authorizes a ten day grace period, during which no interest will be charged if payment is made within ten calendar days following the date upon which the same was due pursuant to N.J.S.A. 54:4-67.
This resolution shall take effect commencing January 1, 2021 through December 31, 2021.