Section 8.12  Collection Charges. 
No penalty shall be charged for City taxes paid on or before August thirty-first (31st). The Council may provide, by ordinance, a tax payment schedule for City taxes paid after the thirty–first (31st) day of August and the amount of penalty, collection fee or interest charges, if any, to be added thereafter in an amount which shall not exceed the limit allowed by State statute for the collection of township, county and school district taxes. Such charges shall belong to the City and constitute a charge and shall be a lien against the property to which the taxes apply, collectible in the same manner as the taxes to which they are added.