32 V.S.A. § 4873 — Interest on installments

All taxes payable in installments may bear interest if the town so votes at a rate
not to exceed one percent per month or fraction thereof for the first three months
and thereafter one and one-half percent per month or fraction thereof, either from
the due date of the last installment or from the due date of each installment. When
a town so votes, such vote shall remain in effect until such time as the town rescinds
the same by a majority vote of the legal voters present and voting at an annual or
special meeting duly warned for such purpose. (Amended 1963, No. 49, eff. April 19, 1963; 1973, No. 162 (Adj. Sess.), § 1, eff. March 20, 1974 for tax year beginning April 1, 1974; 1981, No. 133 (Adj. Sess.), § 3, eff. April 2, 1982 for the tax year beginning April 1, 1982, and thereafter.)