All taxpayers subject to the payment of municipal
taxes, other than those imposed by authority of the Local Tax Enabling
Act of 1965, as amended, shall be entitled to a discount of 2% from
the amount of the tax upon making payment of the whole amount of the
tax within two months after the date of the tax notice.
All taxpayers who shall fail to make payment
of any such taxes charged against them for four months after the date
of the tax notice shall be charged a penalty of 10%, which penalty
shall be added to the taxes by the tax collector and be collected
by him.