(A) Any taxes which are not paid by the date when they become delinquent shall be subject to a penalty of 6% on the taxes due and unpaid; except that taxes which become delinquent on January 1 shall be subject to a penalty of only 2% on the taxes due and unpaid if paid on or before January 31.
(B) Delinquent taxes shall bear interest at the rate of 12% from date of delinquency until paid.
(Prior Code, § 37.13) (Ord. 317, passed 9-5-1967; Ord. 622, passed 10-12-1999)