Mount Vernon establishes temporary tax interest amnesty program for commercial properties
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Summary
An ordinance establishing a temporary tax-interest amnesty program for commercial properties was approved by the board to provide relief options; officials discussed expanding coverage to other property classes but did not adopt changes at the meeting.
The Board of Estimate and Contract on May 20 approved an ordinance establishing a temporary tax interest amnesty program for commercial property owners.
Officials said the program follows prior amnesty efforts and was intended to address demand from property owners seeking relief; the comptroller described broad outreach and discussion with council as shaping the ordinance. During discussion the mayor said the program may not include certain classes (for example, some non-owner-occupied residential or properties judged poorly maintained) and that the city had not decided to waive full amounts but rather reduce interest to a "reasonable amount" in selected cases.
The board took a roll-call vote recorded in the minutes as "Aye" by Comptroller Morton, Council President Brown and Mayor Patterson Howard. The meeting did not specify the program's exact eligibility criteria, reduction levels or dollar impacts; staff said program details are to be administered by the comptroller's office and city council.
