GUILFORD — Joining its neighboring towns of Madison and North Branford, Guilford has approved a program that aims to ease the financial burden of the coronavirus.

The program will give residents an extra 90 days to pay taxes, according to a release from First Selectman Matthew Hoey’s office.

But the town is encouraging residents who are able to make payments on time to do so.

After discussing several options to ease the immediate the tax burden, the Board of Selectmen voted unanimously to approve a deferment program, according to minutes from last week’s meeting.

Later in the week, the town announced the details of the program, which pushes the property and motor vehicle tax deadline from July 1 to Oct. 1 for taxpayers, per the town release.

Taxpayers do not need to apply to be eligible to make a late payment unless they serve as landlords, the release said.

Hoey expressed concern during the meeting that instituting an application process could be “unwieldy and might result in a group having to make subjective decisions about who does and doesn’t qualify,” the according to the meeting minutes.

Hoey has encouraged residents who are able to pay their taxes on time to do that for the sake of the town’s financial stability and to protect those who are struggling. He said he thought this was likely to happen due to the giving nature of the community, according to the meeting minutes.

Hoey reiterated that sentiment in the release.

“It is my expectation that a significant number of our residents, not adversely impacted by this crisis, will be able and willing to pay their taxes on time,” he said. “We urge those residents do so in order to protect the ability of those less fortunate to take advantage of the extension thereby diminishing the impact on the town’s cash flow and financial health.”

Landlords need to submit applications by July 1 to be eligible to make a late payment, according to the release.

Landlords must provide documentation that shows their property is facing significant income decline or that they have offered forbearance to their tenants, the release said, adding that Guilford is working to create an application.

The measure is intended to provide and incentive for landlords to allow tenants to defer their rent payments, Pam Millman, an attorney for Guilford, told the Board of Selectmen, according to meeting minutes.

Guilford is in good enough financial shape to weather the impact of the deferment program, Hoey said at the meeting, per the minutes.