Village taxes shall be due and payable on the first day of July of each year and may be paid at the Office of the Village Treasurer during the regular business hours of the Village Office until and including August 31. To all taxes paid after August 31, there shall be added a penalty, and to all taxes paid after said date, there shall also be added interest for each month or fraction of a month intervening between said date and the date of payment, or the last day of February immediately following, whichever date shall first occur. The amount of such penalty and interest shall be up to the maximum amount authorized by law, with the specific amounts to be established by ordinance which shall be duly adopted and effective prior to the due date of the tax in question, such ordinance to remain effective until duly amended. The added penalties and interest herein provided shall belong to the village and shall constitute a charge and shall be a lien against the property to which the taxes themselves apply, collectible in the same manner as the taxes to which they are added.
(Adopted 3-13-67; Amended 12-9-85)