(A) All taxes levied by the City Council shall be due and payable on September 1 of the fiscal year for which they are assessed or levied.
(B) After September 1 and on or before January 5 next after due and payable, the tax shall be paid at par or face value.
(C) On or after January 6, there shall be added to the tax a penalty of 2%; on or after February 1, after due and payable, there shall be added to the tax an additional penalty of 0.75% per month or fraction thereof until paid.
(Prior Code, § 33.03)