After each installment has been placed on the tax rolls, the same shall be collected by the Treasurer with the same rights and remedies, and the same penalties and interest, as provided in the Charter for the collection of taxes. On the first day of the third month following due date, the Treasurer shall add to all assessments or installments paid on the first day of the third month and thereafter a collection fee of 4% of the amount of the assessment, and on the first day of each succeeding month he or she shall add an additional 0.5% as a collection fee. All collection fees shall belong to the city and be collectible in the same manner as the collection fee on city taxes.
(1993 Code, § 33.31)