All taxes due in accordance with these sections which are not paid before 6-30-1997, for the tax year 1996, or which are not paid before January 31, for all subsequent years tax years shall be deemed delinquent and shall be subject to a penalty of 10% and shall bear interest at the rate of 10% per annum.
(1993 Code, § 3.20.040) (Ord. 91-19-08, passed - -)