COVID-19 Low Interest ProgramRecognizing that many residents are experiencing financial hardships due to COVID-19 and the economic uncertainty that come from with the pandemic, the Town has provided assistance to our residents.
The Town Council unanimously approved a low interest program for local taxpayers to provide some relief to those that will be challenged to pay their local property taxes on time.
The program provides a ‘window’ of 90 days from the due date where taxpayers would be able to pay at a reduced interest rate. During the 90-day period, interest rate on delinquent taxes is reduced to 0.25% monthly from 1.5% monthly.
This plan covers installments that come due up through and including July 1, 2020. For the July 1, 2020 installment, the last day to pay will still be August 3, 2020 (August 1 is a Saturday) but if the taxpayer pays on August 4 or later, they will be paying 0.25% per month interest. On August 4, 2020 the interest charged would be 0.25 x 2 months or 0.5%. This plan is in force only for three months from the due date of July 1; it ends on October 2, 2020.
If, as of October 2, 2020 and thereafter, a taxpayer has not made any payment at all during the 90-day period, they lose the benefit of the ‘window’ and all of their interest is calculated at the rate of 1.5% per month or 18% per annum from the due date, as if the opportunity for the reduced rate had never existed.
If a bill was already delinquent on or before April 1, 2020, it shall be subject to 0.25% per month for a period of three months until July 1, 2020 only. For the time period from April 1, 2020 to July 1, 2020, the delinquent taxpayer pays 0.25% per month or portion thereof instead of the normal 1.5% per month – but ONLY on those last three months, and ONLY if they are making a payment. The program does not retroactively alter previous interest accruals; interest which had already been added at the 1.5% rate before April 1, 2020 for older delinquencies would remain fully payable. Interest at the 0.25% rate would only accrue on those older delinquencies for the months of April, May, and June in 2020 and only to the extent actually paid during those months. On July 2, 2020, the ‘window’ closes, and interest once again goes back to the statutory rate of 1.5% per month from due date.
The Town of Clinton offers residents a way to view, print and pay their tax bills online.
- If you pay by electronic check there will be a $.95 processing fee
- If you pay by credit card there will be a 2.95% processing fee
- Payments will be processed the next business day. Paying on the last day of a collection installment period will be considered as an on time payment.
How Tax Bills Are Calculated & Standard Annual Billing Procedures
Local property taxes will be due and payable on July 1, 2020. The last day to pay without penalty will be August 3, 2020.
All real or personal property tax bills over $100 may be payable in 2 installments as established by law. The 2nd installment will be due January 1, 2021. Motor vehicle taxes are due in full at the time of billing. The real estate and personal property tax bill has 3 stubs attached:
- A taxpayer copy
- A July payment stub
- A January payment stub