All taxes due in accordance with §§ 116.02 - 116.04 which are not paid before June 30, 1997, for the tax-year of 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 ten percent (10%) and shall bear interest at the rate of twelve percent (12%) per annum thereon from delinquency until paid.
(Ord. 545-1996, passed 10-14-96)