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Council discusses raising delinquent tax interest rate but takes no action
Summary
Council members considered increasing the town's interest rate on delinquent taxes from 12% to a higher rate but decided to take no action at this meeting.
The West Warwick Town Council discussed whether to change the town's interest rate on delinquent property taxes, which council members said is currently 12 percent. During the item, members suggested possible increases to 15 percent or 18 percent and discussed the rationale, including collection incentives and fairness to taxpayers who pay on time.
Council members expressed differing views: some said an increase could be considered later if delinquencies rose to a level that shifted costs to current taxpayers; others said many delinquencies result from hardship and urged caution. After brief discussion the council chose to take no action on changing the interest rate at this time.
Council members left the item on the table for future consideration and did not vote to change the town's delinquent-tax interest rate during the meeting.
