Town of Ridgefield Tax Covid19 Relief
The deferral program and the low-interest program adopted by the Town of Ridgefield as per the Governor's Executive Order 7W and 7S for the April 1, 2020 tax period is about to expire. Under deferral program any April deferred tax is due by July 1, 2020 to avoid any interest charges. Any unpaid balance after July 1, 2020 will result in the interest reverting back to the original statutory interest rate of 1.5% per month or part thereof, which for the month of July is 6%.
According to the program, it must be submitted by July 1, 2020 to be considered. The application is available through the Tax Collector's link or the Covid-19 information page under Tax Relief Programs.
• The low interest rate program reduced your interest rate from 1.5% per month or part thereof to .25% per month or part thereof for the months of April through June. That low interest rate expires after June 30, 2020.
As of July 1, the interest rate reverts back to the statutory interest rate of 1.5% per month of part thereof from the original due date, which for the month of July is 6%.
For any tax due July 1, the same logic applies; the interest rate for delinquent payments is .25% per month of part thereof for the months of August and September. After September 30, 2020 to interest rate will revert back to the statutory interest rate of 1.5% a month or part thereof from the due date of July 1, which for the month of October is 6%.