§ 40.02  WHEN PAYMENT IS DUE; DELINQUENT PAYMENTS.
   (A)   All ad valorem taxes of the city, except those levied on motor vehicles and watercraft, shall become due and payable as follows:
      (1)   At a 2% discount if paid before November 1;
      (2)   At face value if paid after October 31, but before January 1;
      (3)   At a 5% penalty if paid after December 31; and
      (4)   At a 10% penalty if paid after February 1.
      (5)   In addition to the aforesaid penalties, all ad valorem taxes remaining unpaid after February 1 shall accrue interest at the rate of 12% per annum until paid, plus all costs of collection, including, without limitation, court costs and attorney's fees.
   (B)   This section shall not apply to the collection of ad valorem taxes on motor vehicles and watercraft.
(Ord. 1999-10, passed 9-20-99; Am. Ord. 2002-15, passed 9-9-02; Am. Ord. 2003-10, passed 9-8-03; Am. Ord. 2004-07, passed 9-13-04; Am. Ord. 2005-10, passed 9-12-05; Am. Ord. 2006-08, passed 9- 11-06; Am. Ord. 2007-10, passed 9-10-07; Am. Ord. 2008-12, passed 9-9-08; Am. Ord. 2009-06, passed 9-14-09; Am. Ord. 2010-07, passed 9-13-10; Am. Ord. 2011-12, passed 9-21-11; Am. Ord. 2012-07, passed 9-10-12; Am. Ord. 2013-14, passed 9-9-13; Am. Ord. 2014-09, passed 9-15-14; Am. Ord. 2015-10, passed 9-14-15; Am. Ord. 2016-02, passed 9-12-16; Am. Ord. 2017-13, passed 9-11-17; Am. Ord. 2018-11, passed 9-20-18; Am. Ord. 2019-08, passed 9-10-19; Am. Ord. 2020-10, passed 9-8-20)