(A) As authorized by Tex. Tax Code, §§ 31.01 and 31.05, any person who pays before December 1, one-half of the total amount of ad valorem taxes levied on his or her property within the town, due for that tax year, may pay the remaining one-half of said taxes without penalty or interest at any time before July 1 of the following year.
(B) As authorized by Tex. Tax Code, § 31.05, any person who pays his or her total ad valorem taxes due prior to January 1 is entitled to the following, discount from the amount of ad valorem tax due:
(1) Three percent if the tax is paid in October;
(2) Two percent if the tax is paid in November; and
(3) One percent if the tax is paid in December.
(Ord. 85-61, passed 11-19-1985)