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FOR IMMEDIATE RELEASE
Release No. M-85-07
MAYOR SIGNS BILL INTO LAW
The new provision reduces from 10 percent to 2 percent the penalty on delinquent taxes, for each month the taxes are overdue. The maximum penalty cannot exceed 10 percent of the taxes due. The City had been imposing a 10-percent penalty beginning the first day the tax payment was overdue. In keeping with current practice, the penalty will be levied on the delinquent taxes only, not on any accrued penalties.
|Friday, August 31, 2007|