(A) All unpaid ad valorem tax bills remaining in the hands of the City Clerk-Treasurer on December 1 of each year shall be endorsed delinquent, and the City Clerk-Treasurer shall thereupon attach to each tax bill a penalty of ten percent (10%) and interest at the rate of twelve percent (12%) per annum until paid.
(B) A lien is hereby created against all property in the city to secure payment of the ad valorem taxes on all property situated in the city to secure payment of the ad valorem taxes provided herein. The lien shall exist and shall be enforced for a period of ten (10) years from the date of assessment and shall not, during this period, be defeated or cease to exist except by payment of the tax. Payment of the tax shall satisfy the lien and shall release and discharge the property concerned therefrom.
(Ord. 84-2-1, passed 2-22-84; Am. Ord. 96-9-1, passed 9-25-96; Am. Ord. 2013-09-01, passed 10-9-13; Am. Ord. 2014-09-01, passed 10-15-14; Am. Ord. 2015-09-01, passed 10-14-15; Am. Ord. 2016-09-07, passed 10-12-16; Am. Ord. 2017-09-01, passed 10-11-17; Am. Ord. 2018-09-02, passed 10-10-18; Am. Ord. 2021-09-03, passed 10-13-21; Am. Ord. 2022-09-02, passed 10-12-22; Am. Ord. 2023-09-01, passed 10-11-23)