LocalLaw® 1997 Updating Service

Increasing Rate of Interest for Unpaid Real Estate Taxes

BILL NO.  970155 
(APPROVED APRIL 3, 1997)

[additions in boldface; deletions struck through ]

Section 19-1303. Discounts and Additions to Tax.

     Unless otherwise provided by special ordinance:

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     (4) Upon all real estate taxes remaining due and unpaid on the
first day of January of the year following the year for which such
taxes are assessed and payable, there shall be added:

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          (b) interest at the rate of [ of 1%]three-quarters of one  
     percent (.75%) per month, or part thereof, and

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