Any tax imposed under §24-301 that is not paid by the date the tax is due shall bear interest as prescribed for interest on delinquent municipal claims under the Act of May 18, 1923, P.L. 207, No. 153, 53 P.S. §7101 et seq., as amended, known as the “Municipal Claims and Tax Liens Act.” The interest rate shall be the lesser of the interest rate imposed upon delinquent Commonwealth taxes as provided in §806 of the Act of April 9, 1929, P .L. 343, No. 178, 72 P.S. §806, as amended, known as the “Fiscal Code,” or the maximum interest rate permitted under the Municipal Claims and Tax Lien’s Act for tax claims.
(Ord. 414, 2/12/2007, §3)