Tax Deferment Program 2020
The Tax Deferment Program Resolution was approved by the Board of Selectman on April 13, 2020, under Executive Order 7S & 7W, which allows all eligible taxpayers to have an extended grace period of three months, from the original due date.
This program applies to the first installment of tax, which remains due July 1, 2020. The last day to pay without penalty is October 1, 2020.
Landlord Eligibility Requirements
Under Executive Order 7S & 7W and Executive Order 7X- 1b & 1c Landlords are eligible by offering commensurate forbearance to their tenants.
Residential Landlords must confirm eligibility in writing. This can be done by sending an email to the Tax Collector or by mail. The deadline to apply is July 1, 2020.
Commercial Landlords must submit the required M-COVID19 application form along with documentation. The deadline to apply is July 1, 2020.
Email to: firstname.lastname@example.org
Subject line: Deferment Program
Or by mail: Madison Tax Collector-Deferment Program
P O Box 587
Madison CT 06443
What does the Tax Deferment Program apply to?
The Tax Deferment Program applies to real estate, personal property and motor vehicle taxes including C-PACE assessments.
Is the due date still July 1, 2020?
Yes. The tax is due July 1, 2020. The Tax Deferment Program allows the grace period to be extended to October 1, 2020 for eligible taxpayers.
When is the last day to pay taxes without penalty?
The last day to make payment without penalty for eligible taxpayers is October 1, 2020.
Per Executive Order 7S, for those who do not qualify the last day to make payment without penalty is August 3, 2020.
Does the Tax Deferment Program include the installment of tax due January 1, 2021?
No. The Tax Deferment Program only applies to the installment due July 1, 2020.
My mortgage company pays my real estate taxes. Are they included in this program?
Executive Order 7S excludes escrow agents from the extended grace period. Escrow agents are expected to make payment according to the regular timetable.
What happens if I paid off my mortgage?
If your taxes are no longer being escrowed it is your responsibility to notify the Tax Collectors Office. Non escrowed taxes are included in the Tax Deferment Program.
Are Leasing companies included in the Tax Deferment Program?
Leasing companies are the owner of their vehicles so they would be included in the Tax Deferment Program.
Do I have to be a resident of the town the property is located in?
No, however Landlords have certain eligibility requirements.
What happens if I pay my taxes after October 1, 2020?
Payments that are made after the grace period are subject to statutory interest, 1.5% per month from the due date.
Is there a deadline for Landlords to apply?
Per Executive Order 7S the deadline to apply for the Tax Deferment Program is July 1, 2020. Applications made after July 1, 2020 will not be eligible.
I am a Landlord. When can I submit my M-COVID19 application?
We are now accepting applications.
M-COVID19 Application Applications will not be accepted after July 1, 2020.