Sunday, April 19, 2020

Late Tax Payments Carry Reduced Penalties

The County Board of Legislators approved legislation that will authorize towns to reduce the penalties they collect for taxes. These include town, county, fire district taxes (paid districts) due on April 30th. 

Isn't it interesting that the same government that shuts down our livelihoods by forcing businesses to close and people to stay home then still insists we pay our taxes on time? And if we don't, they're "willing" to reduce the penalties for not doing so! How magnanimous of them! Most people are not working because the government shut us down. Our taxes should be pro-rated during this time of quarantine and resumed without penalty when we are able to return to work with no penalties attached or catch-up payments necessary.

The Westchester County Board of Legislators approved that if you pay your taxes by April 30th there is no penalty. If you pay May 1 to May 31 the penalty is 0.5%, not 2%. It reduces late-payment penalties for taxes paid from June 1 to July 15 to 1% from 5%.. This was a compromise that the Board of Legislators and Westchester Town Supervisors Association agreed to. Towns are required by law to pay the county 100% of the taxes we collect whether we collect them or not. And, the law requires the towns to pay the taxes the entire tax bill owed by certain dates. 

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