[HISTORY: Adopted by the Mayor and Council of the Borough of Wenonah: Art. I, 4-1-1909; Art. II, 6-23-1988. Amendments noted where applicable.]
Where any taxes shall not have been paid on or before the 10th day following their assessment, interest thereon from and after these dates shall be charged at the rate of 8% on the first $1,500 and 18% on the amount in excess thereof, as defined and provided for in N.J.S.A. 54:4-67, from quarter to quarter and from year to year, on a cumulative basis.
Payments received on account of arrearage shall first be applied to interest, and the balance, if any, shall be applied toward the reduction of the principal obligation.
When the total of unpaid taxes, accumulated interest to the end of the fiscal year and other municipal liens outstanding exceeds the sum of $10,000, a maximum penalty of 6% shall be assessed.
Prior to the issuance, approval or renewal of any license or permit within the Borough of Wenonah, as provided within the Code of the Borough, the applicant, if he or she is the owner of the property wherein the business or activity for which the license or permit is sought or wherein the business or activity is to be conducted, shall be required to pay any and all delinquent property taxes or assessments assessed on the property wherein the business or activity for which such license or permit is sought or wherein the business or activity is to be conducted.
Any license or permit issued or approved by the Borough of Wenonah shall be revoked or suspended if the licensee is the owner of the property for which such license or permit has been issued or approved and if all taxes at that point in time due on the property remain unpaid for any period of time other than that current quarter.
Upon payment of all delinquent taxes and/or assessments, the license or permit shall be restored or issued, as the case may be.
Each section of this ordinance is an independent section, and the holding of any section or part thereof to be unconstitutional, void or ineffective for any cause shall not be deemed to affect or impair the validity of any other section or part thereof.
This ordinance shall take effect immediately after final passage, approval and publication as provided by law.