The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
007
:
TAXATION
(Cite as: 24 App. V.S.A. ch. 113, § 702)
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§ 702. Penalty; interest; Treasurer’s powers
(a) Penalty. Any installment not paid by the due dates established in section 701 of this charter
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 charter 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 that 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 charter. (Amended 2015, No. M-1, § 2, eff. Jan. 27, 2015.)