All taxes due in accordance with this chapter which are not paid before June 30, 1997, for tax year 1996, or which are not paid before January 31 for all subsequent years, tax years shall be deemed delinquent and shall be subject to a penalty of 6% and shall bear interest at the rate of 6% per annum.
(Prior Code, § 115.99) (Ord. 593, passed 9-3-1996)