What amount can a tax collector cancel for delinquencies?

What amount can a tax collector cancel for delinquencies?

• A. Less than $5.00
• B. Less than $10.00
• C. Less than $25.00
• D. Less than $50.00

Answer: (B)

A tax collector in New Jersey is authorized to cancel delinquent taxes under certain circumstances, specifically based on the amount owed. The amount that a tax collector can cancel for delinquencies is typically set at less than $10. This is grounded in the idea that the administrative costs associated with collecting very small amounts often outweigh the benefit of pursuing those collections. Therefore, allowing cancellation for amounts under this threshold streamlines the process for both the tax collector and the taxpayers involved. The other amounts listed in the options exceed this threshold, meaning that any delinquency amount above $10 would not qualify for cancellation by the tax collector, thus requiring further action to collect those debts. Understanding these thresholds helps tax collectors manage their resources effectively while also ensuring compliance with state regulations.

A tax collector in New Jersey is authorized to cancel delinquent taxes under certain circumstances, specifically based on the amount owed. The amount that a tax collector can cancel for delinquencies is typically set at less than $10. This is grounded in the idea that the administrative costs associated with collecting very small amounts often outweigh the benefit of pursuing those collections. Therefore, allowing cancellation for amounts under this threshold streamlines the process for both the tax collector and the taxpayers involved.

The other amounts listed in the options exceed this threshold, meaning that any delinquency amount above $10 would not qualify for cancellation by the tax collector, thus requiring further action to collect those debts. Understanding these thresholds helps tax collectors manage their resources effectively while also ensuring compliance with state regulations.