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-6- <br /> Assessments committed during calendar year 2000 (i.e., before January 1, 2001) <br /> may be added to the FY2001 tax commitment and bill so long as property owners <br /> have an opportunity to pay the full assessment without incurring interest before the <br /> addition. <br /> 2. Amount <br /> a. Apportionment Requested: If the property owner requested an <br /> apportionment,the assessors will add one of the portions with interest. <br /> b. Apportionment Not Requested: If the property owner did not pay the <br /> assessment in full and did not request an apportionment; then the assessors <br /> will add the amount of the entire assessment that remains unpaid with <br /> interest or may apportion the assessment on their own and add one of the <br /> portions with interest. <br /> 3. Committed Interest <br /> a. First Year: In the first year, the entire or apportioned amount is committed <br /> with interest on the amount of the entire assessment that remains unpaid <br /> calculated from the 30th day after the original commitment until October 1. <br /> Example: The assessments are originally committed on <br /> April 1, 2000. They are first added to the taxes assessed as <br /> of January 1, 2001 for FY2002. Interest is computed from <br /> May 1, 2000 until October 1, 2001. If they were first added <br /> to FY2001 taxes, interest would be computed from May 1, <br /> 2000 to October 1, 2000. <br /> b. Subsequent Years: In subsequent years, the apportioned amount is <br /> committed with interest on the unpaid balance calculated from October I to <br /> October 1. <br /> 4. Rate <br /> The interest rate to be applied is five percent per year unless (a) a city or town has <br /> voted the optional rate, which is two percent above the rate charged the city or town <br /> if it borrowed for the project, or (b) a special act establishes another rate. G.L. Ch. <br /> 80 §13. <br />