OLEAN, NY — In a special meeting on Tuesday, the Common Council approved a proposal that extends the city's May 1 property tax payment deadline to June 30.
The council approved the proposal 7-0.
Council President Paul Gonzalez said the extension is the right move for the city’s residents because it will provide relief for citizens who are experiencing economic hardships because of the COVID-19 pandemic.
“We definitely thought it would be prudent and beneficial to people of Olean if they were to be able to have an extension on the amount of time they have to pay their city property taxes,” he said.
The change only applies to 2020 tax payments.
Payments made after June 30 will incur a penalty calculated at 2% after July 1, 3% after Aug. 1, 4% after Sept. 1 and 5% after Oct. 1.
The meeting was audio recorded and will be available on the city's website within the next few days.
For more information on the Coronavirus in the Greater Olean area, visit TAPinto Greater Olean's Coronavirus Updates page, which is updated continuously.
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