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AGO Opinions with Topic: INTEREST RATE
AGO 1971 No. 22 >  July 28, 1971
TAXATION - REAL AND PERSONAL PROPERTY - INTEREST RATE - EFFECT OF AMENDMENT OF STATUTE
TAXATION ‑- REAL AND PERSONAL PROPERTY ‑- INTEREST RATE ‑- EFFECT OF AMENDMENT OF STATUTE (1) The amendatory reduction of the interest rate on delinquent property taxes for the first five hundred dollars of such taxes for a single year (from a rate of 10% to a rate of 5%) contained in § 3, chapter 288, Laws of 1971, 1st Ex. Sess., applies to taxes which were already delinquent prior to the effective date thereof.(2) This reduced interest rate on delinquent taxes will continue into future years, until and unless the legislature acts again in this area.
AGO 1972 No. 8 >  March 1, 1972
TAXATION - REAL PROPERTY - INTEREST RATE - COMPUTATION OF PENALTY INTEREST RATE TO BE ASSESSED UPON PAYMENT OF DELINQUENT REAL PROPERTY TAXES
TAXATION ‑- REAL PROPERTY ‑- INTEREST RATE ‑- COMPUTATION OF PENALTY INTEREST RATE TO BE ASSESSED UPON PAYMENT OF DELINQUENT REAL PROPERTY TAXES (1) The reduction in the interest rate from ten percent to five percent per annum on not more than five hundred dollars of delinquent real property taxes "for a single year," as provided for by § 3, chapter 288, Laws of 1971, 1st Ex. Sess., applies only to the first year of delinquency rather than to each year in which the subject taxes may have been delinquent.(2) The five percent interest rate thus provided for by § 3, chapter 288, Laws of 1971, 1st Ex. Sess., is to be applied against not more than five hundred dollars of the combined total amount of all delinquent taxes which have been imposed for a single year on all real property owned by the same taxpayer in a given county.
AGO 1969 No. 11 >  June 11, 1969
TAXATION - REAL AND PERSONAL PROPERTY - INTEREST RATE - EFFECT OF AMENDMENT OF STATUTE
TAXATION - REAL AND PERSONAL PROPERTY - INTEREST RATE - EFFECT OF AMENDMENT OF STATUTE The interest rate of 10% per annum which is provided for by § 3, chapter 216, Laws of 1969, Ex. Sess., with respect to the collection of delinquent real and personal property tax is applicable to property taxes which had become delinquent prior to the effective date of the 1969 act but which are tendered for payment on or after that date.
AGO 1950 No. 203 >  January 23, 1950
PROPERTY TAXATION - INTEREST RATE - EFFECT OF AMENDMENT OF STATUTE
PROPERTY TAXATION -- INTEREST RATE -- EFFECT OF AMENDMENT OF STATUTE Interest chargeable on delinquent property taxes is computed at time of payment and at rate then in effect.
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