Vt. Stat. tit. 32 § 4873

Current through L. 2024, c. 185.

Section 4873 - Interest on installments

All taxes payable in installments may bear interest if the town so votes at a rate not to exceed one percent per month or fraction thereof for the first three months and thereafter one and one-half percent per month or fraction thereof, either from the due date of the last installment or from the due date of each installment. When a town so votes, such vote shall remain in effect until such time as the town rescinds the same by a majority vote of the legal voters present and voting at an annual or special meeting duly warned for such purpose.

32 V.S.A. § 4873

Amended 1963, No. 49, eff. 4/19/1963; 1973, No. 162 (Adj. Sess.), § 1, eff. 3/20/1974 for tax year beginning April 1, 1974; 1981, No. 133 (Adj. Sess.), § 3, eff. 4/2/1982 for the tax year beginning April 1, 1982, and thereafter.