(A) All taxes shall be due and payable to the city on or before December 31. Tax bills paid by October 31 shall receive a discount of 2%. Tax bills not paid on or by January 31 shall be assessed a penalty of 5%, and tax bills paid after January 31 shall be assessed penalty of 15% in addition to interest at the rate of 12% per annum on the total unpaid balance until paid.
(B) Revenue derived from penalty and interest payments for delinquent tax bills shall be paid into the General Revenue Fund of the city.
(Prior Code, § 35.05) (Ord. 2011-08, passed 8-22-2011; Ord. 18-03, passed 8-27-2018; Ord. 21-8, passed 8-16-2021; Ord. 23-03, passed 8-22-2022)