Varying Property Tax Grace Periods
Paying property taxes can be a burden on home owners. Home improvements, plumber's bills, appliance replacement/repair, exterminator fees, interior decorating and the costly list continues! So just when you think you are going to be able to save some of that paycheck, here comes that quarterly or every 6 months dreaded property tax bill.
Cherry Hill, NJ kindly gives its citizens a 10 day grace period without any delinquency fees or penalties. Chaves County in New Mexico has a 1% penalty PER MONTH which appears to be equivalent to a ONE MONTH GRACE period where no penalties or interest will be charged to the income challenged(poor) citizens of Roswell. The county also has a very accommodating and sympathetic Treasurer's office. So thank you Alien City for being understanding to your poor, tired, and huddled masses.
Judith Lohman points out that the one month grace period that is implicit in the phrase "1% penalty PER MONTH" may not really exist in some municipalities. The chief analyst states " If only part of a month passes, the taxpayer is liable for interest for the full month." Ooops, so maybe the rumors I've heard about one month grace periods in the great state of New Mexico are false! So when the tax collector knocketh, you damn well better answer!
The upside for poor people, as Judith thoughtfully and compassionately elucidates, is that city mayors, aldermen, borough wardens and burgesses, along with other communities' committees may abate taxes or the interest on delinquent taxes assessed on people who cannot afford to handle their tax commitments. So again, understanding and empathy for residents of Connecticut with regard to their tax burden.
Cherry Hill, NJ kindly gives its citizens a 10 day grace period without any delinquency fees or penalties. Chaves County in New Mexico has a 1% penalty PER MONTH which appears to be equivalent to a ONE MONTH GRACE period where no penalties or interest will be charged to the income challenged(poor) citizens of Roswell. The county also has a very accommodating and sympathetic Treasurer's office. So thank you Alien City for being understanding to your poor, tired, and huddled masses.
Judith Lohman points out that the one month grace period that is implicit in the phrase "1% penalty PER MONTH" may not really exist in some municipalities. The chief analyst states " If only part of a month passes, the taxpayer is liable for interest for the full month." Ooops, so maybe the rumors I've heard about one month grace periods in the great state of New Mexico are false! So when the tax collector knocketh, you damn well better answer!
The upside for poor people, as Judith thoughtfully and compassionately elucidates, is that city mayors, aldermen, borough wardens and burgesses, along with other communities' committees may abate taxes or the interest on delinquent taxes assessed on people who cannot afford to handle their tax commitments. So again, understanding and empathy for residents of Connecticut with regard to their tax burden.
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