(A) All taxes levied by the Board of Commissioners shall be due and payable on September 1 of the fiscal year for which the taxes are levied. If paid:
(1) On or after the due date and before January 6 thereafter, taxes shall be paid at par or face amount;
(2) On or after January 6 following the due date and before February 1 thereafter, there shall be added to the taxes interest at the rate of 2%; or
(3) On or after February 1 following the due date, there shall be added to the taxes, in addition to the 2%, interest at the rate of 0.75% per month or fraction thereof until the taxes, plus penalties and interest, have been paid.
(B) Pursuant to G.S. § 105-360(c), the Board of Commissioners may from time to time, in their discretion, establish schedules of discounts to be applied to taxes paid prior to the due date. Prior to taking effect, the ordinance or resolution specifying the amounts of the discounts shall be submitted to the State Board of Assessment for approval and, upon approval, shall be published at least once in some newspaper having general circulation in the town, all in accordance with the state law.
(1977 Code, § 11-2)
Statutory reference:
Due date, interest for nonpayment and discounts for prepayment of taxes generally, see G.S. § 105-360