[Adopted 3-20-1973 by Ord. No. 553]
Editor's Note: Former Article I, Aged Citizens' Exemption, adopted 8-15-1961 by Ord. No. 428, was repealed 5-21-1968 by Ord No. 493.
All bills for taxes shall be payable at the office of the Borough Collector. If such bills are not paid on or before the first day of February for the first quarter, the first day of May for the second quarter, the first day of August for the third quarter and the first day of November for the fourth quarter there shall be interest charged for the nonpayment of taxes or assessments, which interest shall not exceed 8% per annum on the first $1,000 of the delinquency, and 12% per annum on any amount in excess of $1,000.
This ordinance shall take effect immediately upon final passage and publication as provided by law.