(A) The due date and applicable tax rate for ad valorem property taxes and the interest and penalty rates for ad valorem property taxes not paid by the due date shall be as set forth in the annual ordinance levying and assessing ad valorem property taxes for each fiscal year. Ad valorem property taxes shall be billed annually and shall be paid, in full, by the established due date in cash, by check, money order, or by credit card, if acceptable, at the City of Newport Finance Department’s office located at 998 Monmouth Street, 2nd Floor, Newport, Kentucky 41071.
(B) Penalty and interest for the late payment or nonpayment of city ad valorem property taxes for any delinquent year may be forgiven, in whole or in part, for good cause shown as determined in the sole discretion of the City Manager.
(Ord. O-2015-006, passed 6-15-2015)