Interest & Fees

Delinquent Interest

Interest on delinquent taxes is charged at the rate of 1.5% per full or partial month in accordance with Connecticut General Statute 12-146 “… the delinquent portion of the principal of any tax shall be subject to interest at the rate of eighteen per cent per annum from the time when it became due and payable until the same is paid, subject to a minimum interest charge of two dollars…”

The computation of interest for each fractional part of a month in which any portion of the principal tax remains unpaid shall be calculated on the whole month.

Per state statute, failure to receive a tax bill does not exempt the tax payer from payment of interest. Connecticut General Statutes do not grant tax collectors the authority to waive interest fees.  There are absolutely no exceptions.

Returned Check Fee

The returned check fee charge is $50.00.

Lien Fee

Lien Fee of $24.00 is charged when the lien is applied.

Collection Agency Fee

The City of Stamford uses an outside collection agency to collect delinquent motor vehicle taxes. In addition to the tax and interest due, there is an agency fee of 14% of the total due (taxes + interest).