§ 30-34. Tax due date, delinquency penalties and interest.

(a)

The ad valorem taxes levied by the governing body each year shall become due on October 1 of the year for which the levy is made and may be paid up to the following March 1, without penalty, but if not so paid such taxes shall become delinquent on the following day, March 1, and the following penalty shall be payable thereon: If paid during the month of March, one percent; during the month of April, two percent; May, three percent; June, four percent; July, five percent; and on and after August 1, eight percent. Such unpaid taxes shall bear interest at the rate of six percent per annum from the date of their delinquency.

(b)

The city adopts the provisions of V.T.C.A., Tax Code § 33.07 so that hereafter an additional penalty of 15 percent of the delinquent tax, penalty and interest on delinquent taxes [shall] be imposed on taxes becoming delinquent after January 1, 1982.

(c)

The city adopts the additional 15 percent penalties to defray the costs of collection of delinquent taxes as authorized by V.T.C.A., Texas Tax Code §§ 33.07 and 33.08.

(Ord. No. 62, § 14, 7-8-52; Ord. No. 171, § 1, 9-13-56; Code 1973, § 6-18; Ord. No. 1079, § 1, 3-4-82; Ord. No. O-2000-044-03, 11-27-00)