(A) In the event a determination has been made that a tax is due and owing, through audit, assessment or other bill sent, the tax must be paid within the time frame otherwise indicated.
(B) For tax payments that are not made within the time frame otherwise indicated and in the manner provided for by the controlling tax ordinance, the following interest charges and late filing and payment penalties shall apply:
(1) Interest. Interest shall be imposed for any late payment, underpayment, or nonpayment of the tax at the rate of 1% per month or a fraction thereof, based on a year of 365 days and the number of days elapsed.
(2) Late filing and payment penalties. A late filing penalty of 5% of the amount of a tax required to be shown as due on a tax return shall be imposed; and a late payment penalty of 5% of the tax due shall be imposed. If no return is filed within the time or manner provided by the controlling tax ordinance and prior to the city issuing a notice of tax delinquency or notice of tax liability, then a failure to file penalty shall be assessed equal to 25% of the total tax due for the applicable reporting period for which the return was required to be filed. A late filing or payment penalty shall not apply if a failure to file penalty is imposed by the controlling ordinance.
(Ord. 06-14, passed 9-12-06)