The Vermont Statutes Online
Subchapter 007 : TAXATION(Cite as: 24 App. V.S.A. ch. 113, § 702)
§ 113-702. Penalty; interest; Treasurer's powers
(a) Penalty. Any installment not paid by the due dates established in section 701 of this chapter shall be delinquent and there shall immediately be added to the amount due a penalty charge for late payment equivalent to five percent of the delinquent installment. If, after the expiration of 30 days from the due date of each installment the installment remains unpaid, an additional three percent penalty shall be added to the amount due. All such charges, fees, interest and other additional amounts shall be cumulative and accrue at the times and in the manner herein specified.
(b) Interest. An additional interest charge in the amount of one percent of the unpaid tax per month or fraction thereof shall be added to any tax not paid on or before the dates specified in section 701 of this chapter for the first three months and thereafter one and one-half percent per month or fraction thereof, from the due date of such tax. Until such time as said tax is paid in full, such interest shall be imposed on a fraction of a month as if it were an entire month.
(c) Treasurer's powers. The Treasurer shall have all the powers which treasurers of towns have under the general law of the State, including the power to bring actions of law, conduct tax sales, and bring petitions for foreclosure of tax liens. Such acts shall be done in the name of the Town of Colchester and in the manner provided in general law, except as modified by any provision of this chapter. (Amended 2015, No. M-1, § 2, eff. Jan. 27, 2015.)