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The original item was published from 4/15/2020 1:25:11 PM to 8/3/2020 2:12:28 PM.

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Posted on: April 15, 2020

[ARCHIVED] Low Interest Rate Program


Per Governor’s Executive Order 7S, Low Interest Rate Program, the Town of Westbrook’s Board of Selectman have made the decision to adopt Section 6B of the order. 

Which states “Low Interest Rate Program”. This program provides a ‘window’ of 90 days from the due date of July 1st, 2020 where taxpayers would be able to pay at 

a reduced interest rate. Instead of the normal 18% per year, 1.5% monthly, the 90 day period would be 3% per annum or .25% monthly.

If as of October 2nd, 2020 and thereafter, taxes are not paid and still delinquent, the statutory rate would again apply to the remaining delinquent tax owed. 

Meaning the tax interest rate would return to 18% per annum or 1.5% per month as of July 1st, 2020.

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