All taxes due in accordance with these sections which are not paid before June 30, 1997, for 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 5% per month or portion thereof, but not over a total of 25% and shall bear interest at the maximum rate permitted by law per annum.
(Ord. 1996-13, passed 10-14-96)