Interest Rate for non-payment of taxes on real property where annual tax is not more than $2,750 (18%) for FY2002

Communication from the New York City Banking Commission - Transmitting resolution recommending that the interest rate to be charged for non-payment of taxes on real property where the annual tax is not more than $2,750 or where the real property taxes are held in escrow and paid by a mortgage escrow agent be eighteen percent (18%), and nine percent (9%) in all other such parcels.