All general and ad valorem taxes due city each year hereafter shall be due and payable on July 1 of each year. If such taxes are not paid by December 1 each year, they shall be declared delinquent and a penalty of 10% thereof is assessed. If such taxes be not paid by January 1 of the year following their due date, interest at the rate of 6% per annum shall be added to the amount of the tax and the penalty.
(Ord. 442, passed 12-23-65; Am. Ord. 2002-1289, passed 9-26-02)