The Georgetown Mayor and City Council (M&CC) has announced a partial amnesty for interest accumulated on ratepayers’ accounts.
In a statement, the City Council said the Amnesty Programme, which is guided by a Municipal Amnesty Policy, will end on the 31st October, 2023.
The initiative is intended for both residential and commercial ratepayers of Georgetown and the M&CC is hoping to increase its revenue collection through the amnesty programme.
The programme will see the waiving of interest generated from annual taxes for delinquent rate-payers and in some instances only a percentage of interest would be written off.
According to the Amnesty Policy, Georgetown citizens who are interested in the amnesty can apply to the Mayor, Chairman of the Special Circumstances Committee and/or the Town Clerk by filling out a form which can be uplifted from the M&CC.
The form will also available on the M&CC’s website.
The applicant, who will also have to pay a non-refundable fee of $500 for the application, must be either the property owner, the duly authorised power of attorney of the property owner or the duly authorised representative of the property owner.
The policy notes that exemption rates will be decided by the Committee and no applicant would receive a 100% exemption without the approval of the M&CC.
The policy further states that persons, corporations and companies that fail to take advantage of the policy will be subjected to legal proceedings to be instituted by the Town Clerk as provided in the Municipal and District Council Act.
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