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File #: Res 0341-2002    Version: * Name: Vacant or unimproved land, Interest Rates
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/19/2002
Enactment date: Law number:
Title: Resolution to establish that the interest rate to be charged for non-payment of taxes on real property where the annual tax on the parcel, other than a parcel that consists of vacant or unimproved land, is not more than $2,750, be 18% per annum for Fiscal Year 2003 in the case of any such parcel where the real property taxes are held in escrow and paid to the Commissioner of Finance by a mortgage escrow agent; and 9% per annum in the case of all other such parcels.
Sponsors: David I. Weprin, Kendall Stewart
Council Member Sponsors: 2
Attachments: 1. Hearing Transcript 6/21, 2. Hearing Transcript - Stated Meeting 6/21
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/21/2002*David I. Weprin City Council Approved, by CouncilPass Action details Meeting details Not available
6/21/2002*David I. Weprin Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
6/21/2002*David I. Weprin Committee on Finance Approved by CommitteePass Action details Meeting details Not available
6/19/2002*David I. Weprin City Council Introduced by Council  Action details Meeting details Not available
6/19/2002*David I. Weprin City Council Referred to Comm by Council  Action details Meeting details Not available