(A) In the event of failure by any person to pay the tax required in this subchapter when the same shall be due, simple interest shall accumulate and be due upon the tax at the rate of 1-1/2% per month commencing as of the first day following the day when the deed was recorded or the assignment of beneficial interest was accepted by the trustee. In addition, a penalty of 50% of the tax and interest due shall be assessed and collected against any person who shall fail to pay the tax imposed by this subchapter.
(B) In the event of failure by any person to pay the village the tax required herein when the same shall be due, said person shall be liable to the village for such tax together with interest and penalties. The village may bring an action to collect such tax, interest, and penalties in any court of competent jurisdiction.
(C) In addition to any other provision of this subchapter, any person found in violation of this subchapter, in a court of competent jurisdiction of violating, disobeying, omitting, neglecting, or refusing to comply with any provisions of this subchapter, shall be punished by a fine of not more than $750. The imposition of any fine shall not relieve any person from the liability to pay the tax and any penalty or interest imposed herein.
(Ord. 04-0170, passed 4-20-05) Penalty, see § 122.99