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Hinesburg, Vermont Annual Report - The Town of Hinesburg

Hinesburg, Vermont Annual Report - The Town of Hinesburg

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DELINQUENT TAX POLICY AND DELINQUENT TAXES<br />

1. Tax payments are due annually on November 15 th . Taxes are considered delinquent the day<br />

following the tax due date. Interest will be added at a rate <strong>of</strong> 1% per month or portion there<strong>of</strong> for<br />

the first 3 months and 1 1/2 % per month or portion there<strong>of</strong> thereafter, on the unpaid principal.<br />

When partial payments are received, interest must be credited first, and the remainder applied to the<br />

principal.<br />

2. Each month a notice will be sent to each delinquent taxpayer, which will reflect additional charges<br />

(interest) as well as payments. Interest will roll on the 15 th <strong>of</strong> the month, meaning that payments<br />

should be received PRIOR to the 15 th in order to avoid the additional interest charges.<br />

3. Mortgage and lien holders will be notified <strong>of</strong> delinquent taxes within 60 days after the first notice <strong>of</strong><br />

delinquency has been sent.<br />

4. Payment arrangements, which fully pay the taxes by July 1, are required. Failure to make<br />

arrangements or to abide by them will require the Collector to begin the following actions to sell as<br />

much <strong>of</strong> the property as is necessary to pay the tax, costs and fees:<br />

a. <strong>The</strong> Collector will notify the taxpayer <strong>of</strong> the Tax Sale decision, the date by which full<br />

payment must be received, and the costs to expect once the sale process has begun.<br />

b. <strong>The</strong> collector will notify all mortgage and lien holders.<br />

c. Once the deadline date has expired, and full payment has not been received, the<br />

Collector will proceed with the Tax Sale according to the procedures specified in 32<br />

V.S.A. Section 5252.<br />

d. Cost <strong>of</strong> preparing and conducting the sale, including legal fees up to a maximum <strong>of</strong> 15 %<br />

<strong>of</strong> the amount <strong>of</strong> the delinquent tax, will be charged to the delinquent taxpayer.<br />

Delinquent Taxes as <strong>of</strong> November 30, 2012<br />

Year<br />

2004<br />

Original<br />

$300,890<br />

Outstanding<br />

$1074.73<br />

# <strong>of</strong> Deliquencies<br />

1<br />

2005 $259,842 $1120.76 1<br />

2006 $213,849 $553.39 1<br />

2007 $208,258 $130.46 1<br />

2008 $290,204 $758.91 2<br />

2009 $435,683 $347.85 2<br />

2010 $364,062 $2859.81 9<br />

2011 $360,583 $28,848.96 34

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