All taxpayers subject to the payment of the residence tax herein levied and assessed shall be entitled to a discount of 2% from the amount of such tax upon making payment of the whole amount thereof within 2 months after the date of the tax notice. All taxpayers who fail to make payment of any such tax charged against them for 4 months after the date of the tax notice shall be charged a penalty of 5%, which penalty shall be added to such tax by the Borough Treasurer or Tax Collector and shall be collected by him.
(Ord. 1/5/1956, §2, as last reenacted April 1, 1968)