(A) Village taxes shall be due and payable on the first day of July of each year, may be paid as provided in the Village Charter or at a location and in a manner approved by resolution of the Village Council and specified on the tax bill, and shall not be subject to the addition of penalties and interest if paid by August 31.
(B) Taxes unpaid after August 31, shall be subject to the addition of a 3% penalty and interest at the rate of 1% for each month or fraction of a month after that date that the taxes remain unpaid until the last day of the next February, with the penalty and interest to be added if the taxes are not paid by September 14. Any penalties and interest added to the taxes shall constitute a charge and lien against the property to which the taxes apply and be collectible in the same manner as those taxes.
(Ord. 37.02, passed 5-27-86; Am. Ord. 37.04, passed 5-10-10)