The Maine Treasurer June 1 announced that a maximum interest rate of 8 percent shall apply to delinquent property taxes during the 2020 taxable year. Municipalities may, by vote, determine the interest rate that shall apply to delinquent taxes during a particular taxable year until those taxes are paid in full. [Me. State Treasurer, Delinquent Tax Rates, 06/01/20]
Reference: View Source Document.
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