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Board hears explanation of bank-execution warrants used against multi-year commercial tax delinquencies
Summary
Tax office described new bank-execution warrants for business personal property accounts instituted late last year; warrants ask banks to confirm holdings and can place holds to recover owed amounts. The collector said the approach targets accounts delinquent multiple years.
During the tax collector's presentation, the town outlined a new collection method called bank executions that targets delinquent business personal property accounts. The collector said the procedure was implemented around November and is focused on accounts with multiple years of unpaid taxes.
He described the mechanics: the tax office compiles a list of problematic accounts, sends the list and warrants to banks, and banks respond whether the named parties hold accounts there; if so, the warrant can place a hold and lead to remittance of funds unless an exemption is claimed. "We started that probably back in November," the collector said, explaining the tool is intended to be used sparingly and primarily against businesses with multi-year delinquencies, not routine single-year misses.
Board members asked whether the targets are small proprietors or larger corporations; the collector said some are small businesses but one national corporate account in town alone owed over $60,000. He reiterated the town will not seek funds beyond legally owed taxes and agreed to provide more detailed historical data on foreclosures and pending matters for board review.
