Date Tax is Deliquent
All taxes unpaid or postmarked after November 30 of each year following the date of levy, are delinquent. For each parcel, all delinquent taxes are subject to a penalty of 2.5% of the amount of the taxes or $10.00, whichever is greater. The penalty will be reduced to the greater of 1% or $10.00 if all 2010 delinquent taxes and the 1% penalty are paid on or before January 31, 2011.
Unless the delinquent taxes, together with the penalty, are paid by January 31, the amount of taxes and penalty shall bear interest at the rate of 6% over the "Targeted Federal Funds Rate" that exists on January 1 following the date of delinquency. Interest will also be calculated back to January 1st.


