Interest & Penalty Calculation
First-Half Taxes are Due By January 10th
(Late Payment Schedule & Interest from Jan 11 - May 31)
| Schedule of Interest rates for |
First-Half late Tax payments Only |
| Dec 1 - Jan 10 |
On Time/No Penalties |
| Late Payment Date |
Interest Charge |
| Jan 11 - Feb 10 |
1% |
| Feb 11 - Mar 10 |
2% |
| Mar 11 - Apr 10 |
3% |
| Apr 11 - May 10 |
4% |
| May 11 - May 31 |
5% |
Late Payments after May 31st
Late property tax payments made after May 31st are subject to a five percent (5%) penalty in addition to the compounded interest charge of five percent (5%). The interest charge increases at a rate of one percent (1%) per month thereafter until the tax, penalty and interest is paid.
In addition, after May 31st - late tax payments can no longer be processed by the Town and must be payable to Suffolk County Comptroller and sent to:
Suffolk County Comptroller
330 Center Drive
Riverhead, NY 11901-3311.