On and after the effective date of this article, and until such time as this article is repealed, the County of Putnam shall become the tax collection agency for the purpose of collecting taxes in installments as prescribed by Article
9, Title 4-A, and by Article
13 of the Real Property Tax Law of the State of New York.
As used in this article, the following terms
shall have the meanings indicated:
TAXES
Includes special assessments which are levied by the County
Legislature at the time and in the manner provided by law for the
levy of County and town taxes.
Such taxes may be paid in two equal installments,
the first of which shall be due and payable not later than the 15th
day of the month in which the respective taxes may be paid without
interest to the local Receiver or Collector of Taxes without regard
to this article. The second installment shall be due and payable not
later than the 15th day of the sixth month thereafter to the Commissioner
of Finance of the County of Putnam.
[Amended 7-5-2006 by L.L. No. 7-2006]
There shall be a service charge of 4% of the
amount of taxes as levied which is estimated will reimburse the County
for the expense incurred in the administration of the installment
collection of taxes as prescribed by the article, including the cost
for contracting any necessary indebtedness for advancing the money
as provided in §§ 976 and 1342, respectively, of the
Real Property Tax Law. If in any year the estimated service charge
shall not be sufficient to reimburse the County for administering
the financing of the collection of taxes in installments as provided
in this article, the amount of such deficiency shall be included in
determining the estimated service charge for the collection of taxes
for the succeeding year. The amount of such service charge shall be
added to each installment of the taxes which an owner of real property
may have elected to pay in installments pursuant to the provisions
of this article, and such service charge shall be deemed part of such
taxes. The amount of such charge and any interest which shall be added
to any installment pursuant to the provisions of the article shall
belong to the County.
The Commissioner of Finance of the County of
Putnam is hereby empowered to promulgate and amend suitable rules
and regulations prescribing the necessary forms for carrying into
effect the provisions of this article relating to the installment
payment of taxes.