Albany County tax amnesty program ends next week

ALBANY -- Albany County residents have one week left to take advantage of the tax amnesty program, county executive Mike Breslin said today.

Under the program, taxpayers can clear past due taxes at a lowered interest rate through Monday, Nov. 30. Specifically, interest rates on municipal and school real property taxes are cut in half. 

There is no reduction in principal, legal fees or out-of-pocket municipal expenses such as code enforcement or water and sewer charges levied on to yearly bills.

Payments must be received by the County's Division of Finance by close of business Monday, Nov. 30 to qualify, the county says. 

Mortgage holders, lienholders, leaseholders and others having a property interest may pay delinquent taxes to preserve rights to the property.

The county has suspended foreclosure judgments and deeds during the amnesty period, but will resume foreclosure auctions in December. All taxes due that are older than 2007 will be foreclosed in 2010, said Breslin.

For more information, visit www.albanycounty.com/finance or call 518-447-7083.