Delinquent Tax Rates
Municipalities may, by vote, determine the rate of interest that shall apply to taxes that become delinquent during a particular taxable year until those taxes are paid in full. The maximum rate of interest that can be charged per Title 36, M.R.S.A. Section 505.4 is as follows:
|
Taxable Year |
Maximum Rate |
|
1991 |
12.00% |
|
1992 |
10.00% |
|
1993 |
10.00% |
|
1994 |
10.00% |
|
1995 |
10.75% |
|
1996 |
10.75% |
|
1997 |
10.50% |
|
1998 |
10.75% |
|
1999 |
10.00% |
|
2000 |
10.75% |
|
2001 |
11.50% |
|
2002 |
6.75% up to 8.75% |
|
2003 |
7.00% |
|
2004 |
6.50% |
|
2005 |
7.75% |
| 2006 |
11.00% |
| 2007 |
12.00% |
| 2008 |
11.00% |
| 2009 |
7.00% up to 9.00% |
If you have any questions about this information, please feel free to contact my Office.
