HomeMy WebLinkAbout1969-01-27 75-W ORDER75-W
Introduced by Councilor Houston, Jan. 27, 1969
_d� > CITY OF BANGOR
(TITLE.) VI r4rd.... R T Commitment, Payment and Interest for the Year 1969
BY the City ComwB oftha City of Bon .
TnT the list of tax Assessment upon the polls and estates in Bangor
for all city taxes, the Dangor Recreation Center, together with all assessments
and charges made under the provisions of the Maine Revised Statutes Annotated,
Title 3D, Sec. 4451 to 4456 inclusive, and the City's due proportion of any State
and County tax for the current year 1969, shall he committed by the Assessars to
the Collector of Taxes on or before the eighteenth day of duly A.D., 1969, And
Said taxes shall be due and payable on the eighteenth day of August A. D., 1969.
Interest at the tate of nine percent per aaoum from the first of September A.D.,
1969 shall be collected on all taxes not voluntarily paid to the Collector of
Texas On or before October third A. D., 1969 and said interest shall be added to
And become part of said taxes.
1369 JAN 23 'M 3 4
SITY CIERK'S OFFICE
IN CTw COUNCIL
January 27, 1969
Indefinitely postparvel.
Title,
Tax Commitment,
....................................
me
Paynt 6
Interest
- 1969
Introdduuiced and filed by 7
Bangor. the center of Maine --the 6 aasay to Maine's North Woods and Seasbore Re+ara
I'll 1 0111,
Qlitg of P°n9°r, ATaint
Say M. Alley
City Auditor
Bangor, Maine
Dear W. Alleyt
datsu r ]l„ 1969
As per your request on an interest rate for the 1969 Tax Co®iGmnt,
I an of the opinim that three-fwrNa (.07$$) should be charged ninthly.
In arriving at this rata I have contacted the throe commercial banks
tool the three savings banks, The current interest rate for an unsealed
loan is between seven and a half arcs eight per cent, therefore, it is mq
feeling that if we are to collect a major portion of the delinquent teens
we will read at least a one per cent highter rate than is now currently
being charged at a banking instl4utiome
Please findclosed a copy of the letter from the City Solicitor
confirming that there are no coratione preventing the City Council free,
increasing the present interest rate.
Sincerely,
—1
0. Field
near aM Collector
�� City of Bangor, Maine
Banger, the center of Maine ---the Gateway to Maine's North Woods and Seashore Room
THOMAS C. NEEDHAM
a•^^^N^ cin 101DR.. January 10, 1969
ON of Pang", Abim
Nr. John C. Field
City Treasurer
City Hall
Bangor, Maine
Dear John:
With regard t0 the question as t0 Whether Or not there i
any restriction on the amount of interest Which may be charged on
overdue municipal taxes, I find nothing in the Statutes or the laws
and Ordinances of the City of Bangor which would prevent the City
Council from passing an order raising the present amount of interest
collected on unpaid taxes.
The only provision in the Statutes which I find relative
is Section 892 which reads as follows:
0892. INTEREST ON DELINQUENT STATE AND C00NTy TARES
"Beginning with the first day of January,
following the date on which state or county taxes
e levied, interest at 1/28 per month or fraction
thereof shall accrue on any unpaid balances that
e then due. All provisions of law that relate
to the collection of such taxes shall apply to the
collection of interest on overdue taxes."
It Is my opinion that this does not prevent interest being charged
as indicated above.
I trust this Is the information you seek.
Sincerely yours,
AEeAHAM STEEN
City SO citor
ASS/lig