COVID-19 Low Interest Program
Recognizing that many residents are still experiencing financial hardships due to the COVID-19 and the economic uncertainty that has come with the pandemic, the Town is providing assistance to our residents.
The low interest loan program for local taxpayers is being offered again 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 January 1, 2021. For the January 1, 2021 installment, the last day to pay will still be January 31, 2021 but if the taxpayer pays on February 1 or later, they will be paying 0.25% per month interest. This plan is in force only for three months from the due date of January 1; it ends on April 1, 2021.
If, as of April 2, 2021 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.
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