§ 36.07 WHEN TAXES BECOME DUE AND PAYABLE.
   (A)   All taxes, except ad valorem taxes on automobiles, shall be due and payable according to KRS Chs. 92 and 134 as follows:
      (1)   If paid by October 15 of each year, the ad valorem (gross tax) less a discount in the amount as established by annual ordinance of the City Commission, shall be due; and
      (2)   If paid by December 1 of each year, the ad valorem (gross tax) shall be due in full (no discount).
   (B)   Said taxes not paid by the due date of December 1 of each year, are delinquent and shall be due and payable as follows:
      (1)   If paid by December 31 of that year, the full amount of the ad valorem (gross tax), plus interest at the rate per annum established by annual ordinance from the due date until paid, plus a penalty in the amount established by annual ordinance, shall be due; and
      (2)   If paid after December 31 of that year, the full amount of the ad valorem (gross tax), plus interest at the rate per annum established by annual ordinance from the due date until paid, plus a penalty in the amount established by annual ordinance, shall be due.
   (C)   Said taxes shall be paid to the order of “Treasurer, City of Bancroft”; and all payments shall be delivered to the location specified by annual ordinance of the City Commission.
(Prior Code, § 36.07) (Ord. 3-1988, passed 9-8-1988; Ord. 4-1990, passed 8-9-1990)