(A) The ad valorem taxes levied by the City Council each year shall become due on October 1 of the year for which the levy is made and may be paid up to and including the following January 31 without penalty; but, if not so paid, such taxes shall become delinquent on the following day, February 1; and the city shall charge penalties and interest as provided in the state’s Tax Code.
(B) Such unpaid taxes shall bear interest at the rate of 6% per annum from February 1 of the year next succeeding the year for which such taxes were levied or assessed.
(2012 Code, § 80-36)