Interest & Penalty on Delinquent Taxes


The current year first half taxes must be paid by April 30 or the entire tax amount becomes delinquent. Interest and penalty amounts on delinquent first half taxes are calculated on the entire year's tax amount.

Interest on delinquent tax is computed monthly from the date of delinquency to the date of payment at the rate of 9% annually (.75% monthly) for residential properties with four or less units and 12% annually (1% monthly) for all other properties. 

Penalties will be assessed on delinquent taxes in the year in which the taxes are due in an amount up to 11% (3% June 1 and 8% December 1 if taxes are still due). No penalties are assessed on residential properties with four or less units.