§ 40-28. When taxes received; penalty and interest for late payment.

(a)

Treasurer to receive taxes. The treasurer shall commence to receive real estate taxes as soon as copies of the land books are received from the assessor, and the treasurer shall continue to receive the amount due and payable for the semi-annual installment payments, up to and including the due dates as set out in section 40-26, without penalty thereon.

(b)

Penalty for failure to pay installments when due. Any person failing to remit the installment payments of real estate levies on or before the due dates, as set out in section 40-26, shall incur a penalty thereon of ten (10) percent, which shall be added to the amount of taxes or levies due from such taxpayer except in cases of assessment under section 40-19, pursuant to the authority of Section 58.1-3292 of the Code of Virginia, 1950, as amended, with respect to any assessment made after September first of any year the ten (10) percent penalty for nonpayment by December fifth shall be extended to February fifth of the succeeding year and any assessment made after April first but before June sixth of any year, the ten (10) percent penalty for nonpayment by June fifth shall be extended to August fifth of the same year.

(c)

Interest on taxes not paid when due. Interest at the rate of ten (10) percent per annum from the first day of the month following the month in which such taxes are due shall be collected upon the principal and penalties of all such taxes and levies not paid when due, which penalty and interest shall be collected and accounted for by the officers charged with the duty of collecting such taxes or levies, along with the principal sum thereof.

(Ord. No. 982, § 1; Ord. No. 999, § 1; Ord. No. 1098, § 1; Code 1961, §§ 16-101—16-103; Ord. No. 2441-78, § 1; Ord. No. 3966-89)

Charter reference— Authority of council to impose penalties for nonpayment of taxes, § 8.16.

(Ord. No. 982, § 1; Ord. No. 999, § 1; Ord. No. 1098, § 1; Code 1961, §§ 16-101—16-103; Ord. No. 2441-78, § 1; Ord. No. 3966-89)

Charter reference

Authority of council to impose penalties for nonpayment of taxes, § 8.16.