[Adopted 4-17-1990 by Ord. No. 4-90]
This article is enacted under the authority of Chapter 74, §§ 74.47(2) and 74.12(2), Wis. Stats., and the penalty imposed herein shall be used only for the purpose of directly reducing the property tax levy of Price County.
There is hereby imposed a penalty of 0.5% per month, or a fraction of a month, in addition to the interest of 1.0% per month under § 74.47(1), Wis. Stats., on any overdue or delinquent real estate taxes and special assessments, special charges, and special taxes and personal property taxes.
This article hereby specifies that the County Treasurer shall exclude the additional revenue generated by this penalty from the distributions required by §§ 74.47(3) and 74.12(12)(a) and (b), Wis. Stats.