Borough officials shall take all necessary and
reasonable action to ensure that the Borough real estate tax notices
are distributed to property owners by March 1 of each year.
All taxpayers subject to the payment of Borough
real estate taxes shall be entitled to a discount of 2% from the total
amount of such tax upon making payment of the entire amount within
two months after the date of the Borough real estate tax notice.
All taxpayers subject to the payment of Borough
real estate taxes who fail to make payment of any such taxes levied
against them within four months after the date of the Borough real
estate tax notice shall be charged a penalty of 10%, which penalty
shall be added to the taxes by the Borough Tax Collector and collected
by the Tax Collector.