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Resolution of the Mayor and Council of Princeton Authorizing Extension of Grace Period for Payment of Third Quarter, 2026 Property Taxes
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WHEREAS, tax bills for Princeton have been delayed due to the delay of certified rates from the County; and
WHEREAS, Title 54 provides for an interest penalty for the failure to pay third quarter taxes by August 1st; and
WHEREAS, it would be unfair to assess penalties against taxpayers whose failure to pay taxes is due solely to a delay for which they are not responsible.
NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of Princeton that the rate of interest to be charged for the late payment of Third Quarter 2026 taxes from the period August 1st through August 24, 2026 only shall be 0.0%; except that said rate shall not apply to those persons and entities who are delinquent on payment of the First and Second Quarter 2026 and prior years’ property taxes; and
BE IT FURTHER RESOLVED, that after August 24th, 2026, the rate of interest to be charged for the payment of third quarter taxes will be the current authorized rate (8% of the first $1.500.00 of delinquency and 18% on the excess over $1,500.00) from the due date of August 1st, 2026 until the date the actual payment is received in the tax office; and
BE IT FURTHER RESOLVED, that the taxpayers of Princeton be notified of this extension by placement of a notice on their tax bills; and
BE IT FURTHER RESOLVED, that copies of this resolution be forwarded to the following: Tammie Tisdale, Tax Collector; David Gannon, Auditor; and Trishka Waterbury Cecil, Princeton Attorney.