§ 19-1101. Discounts and Additions to Tax. 137

   (1)   Unless otherwise provided by special ordinance a discount of one percent (1%) shall be allowed on all personal property taxes paid up to and including the last day of February of the year in which such taxes shall be assessed and payable or within 20 days of the date of mailing of the tax bill. If paid during the months of March, April and May of said year no discount shall be allowed. If paid during the months of June, July and August an addition of one percent (1%) per month or part thereof shall be imposed; if paid during the months of September, October, November or December an addition of one and one-half percent (1.5%) per month or part thereof shall be imposed. 138

   (2)   Upon all taxes remaining due and unpaid on the first day of January of the year next following the year in which such taxes are assessed and payable, there shall be added: 139

      (a)   an addition of one and one-half percent (1.5%) added to the additions prescribed above for a total of ten and one-half percent (10.5%); 140

      (b)   interest at the rate of one-half of one percent (0.5%) per month, or part thereof; and

      (c)   an additional penalty of one percent (1%) on the first day of each month from February through August during the first year in which such tax is registered as delinquent.

   (3)   This Section shall not apply to taxes imposed under Section 19-1102. 141

 

Notes

137	Amended, 1973 Ordinances, p. 1106.
138	Amended, 1973 Ordinances, p. 105.
139	Amended, 1973 Ordinances, p. 1138.
140	Amended, 1978 Ordinances, p. 105.
141	Added, Bill No. 970154 (approved April 3, 1997).