Share this article

print logo

Partial payments on tax bills OK'd

Hoping to ease the pain of paying property taxes, the Alden Town Board on Monday approved a new policy that would allow residents to make partial payments toward their tax bills.

The board unanimously approved a resolution handed down from the state and county that allows municipalities to allow its residents to make any kind of payment toward their taxes.

Residents who make partial payments would still be assessed normal late penalty interest rates that begin at 1.5 percent and increase every 15 days, but the interest would be charged to their outstanding balance only.

The law previously required residents looking to make a partial payment toward their tax bill to pay at least 50 percent of the outstanding balance on the bill.

Alden Supervisor Michael Cole said the law was established primarily to help the poor and elderly on fixed incomes.

Most Alden residents will have to wait until next year to be affected by the change. Since property taxes in the town were due Feb. 15, only residents who still need to make payments on this year's bill can take advantage of the law.

There are no comments - be the first to comment