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(860) 649-8066
NEWS FROM THE TAX COLLECTOR’S OFFICE 7-26-24

PROPERTY TAX BILLS

Tax bills are due July 1, 2024 and must be paid by or postmarked by Thursday, August 1, 2024 to avoid interest.  Interest accrues at 1.5% from the due date of July 1st for a total of 18% per year.  Please be aware that if your payment is late the interest rate is 3% from August 2-31st. The minimum interest charge is $2.00 per bill.

As the town navigates the best way to refund/credit some taxpayers for the unanticipated increase in revenue due to the error in assessments; please be aware that any estimation that the taxpayer makes on their own that results in an outstanding amount due will make you liable for the interest on the balance of that account. 

REVISED TAX BILLS

Real Estate tax bills that had the wrong assessment have been updated and revised tax bills have been mailed out.  These new amounts are also available online with the tax bill lookup link above.  These affected tax bills (only) have an extension of time to pay which is August 31, 2024.  All other tax bills need to be paid by August 1, 2024, to avoid interest.

More information : https://www.boltonct.gov/departments/tax-collector

 

Economic Development Trust Fund

Adopted on August 19, 1997

Published in The Manchester Extra, August 28, 1997

Effective Date:  September 12, 1997


1.         It is recognized that pursuant to Connecticut General Statutes 7-148(c)(2)(K), that a special fund to be known as the Economic Development Trust Fund (the “Fund”) be hereby established, which fund shall be used in whole or in part to further economic development in Bolton.

 

2.         The Fund shall be in the custody of the Treasurer of the Town of Bolton and all or any part of the monies in said Fund may, from time to time, be invested in any securities which public funds may lawfully be invested.  All income derived from such investments shall be paid into the Fund and become a part thereof.  The monies so invested shall at all times be subject to withdrawal from such investment for use as provided in paragraph one, above.

 

3.         There shall be deposited in such fund all monies received by the Town, from whatever source and from whatever means, as gifts for furthering economic development in the Town of Bolton.

 

4.         Annually, the treasurer shall submit to the Board of Selectmen, to the Board of Finance, and to the Economic Development Commission, a complete and detailed report of the condition of said funds, which report shall be made a part of the Bolton annual audit.

 

5.         The Economic Development Commission may consult, to the extent they deem appropriate, the Board of Selectmen concerning administration and carrying out the purposes of such Fund.

 

6.         The Economic Development Commission shall be authorized to spend up to $2,000 per project.  Any expense in excess of $2,000 would require the prior approval of the Board of Selectmen.  Such projects shall be intended to promote the economic development  within the Town of Bolton.  Examples of such projects include public relations activities and promotional activities related to economic development; production of brochures flyers, signs, surveys; holding of social events and other activities, all intended to stimulate economic growth in Bolton.

 

7.         The Fund shall continue in existence until by ordinance it is determined to amend or discontinue the same.

 

8.         Upon dissolution of the Fund, any remaining balances shall be paid over into the general fund or such other fund as the ordinance terminating said Fund shall direct.