[Code 1992, § 3.11; amended 6-13-2011 by Ord. No. 11-17; 5-29-2012 by Ord. No. 12-08; 11-10-2014 by Ord. No. 14-08]
The real estate and personal property taxes assessed in the
City shall be paid to the Treasurer as follows:
(1) The first installment of real estate taxes which shall be not less
than 50% of the total real estate taxes (including special assessments)
shall become due and payable on January 1 each year and may be paid
without interest thereon through January 31. Any such real estate
tax, no portion of which has been paid on or prior to January 31,
shall thereafter bear interest at the rate of 1 1/2% per month,
or a fraction thereof, from January 1 preceding. The Treasurer shall
report the unpaid balance of such real estate taxes to the County
Treasurer at the time of settlement. The second and final installment
is due and payable July 31.
(2) Personal property taxes shall become due and payable in their entirety
on January 1 of each year and may be paid to and including January
31 without interest. Thereafter, all unpaid personal property taxes
shall bear interest at the rate of 1 1/2% per month, or a fraction
thereof, from February 1 preceding.
(3) All real estate taxes, including special assessments, remaining unpaid
at the time settlement is made with the County Treasurer, shall be
paid thereafter at the office of the County Treasurer in Elkhorn,
Wisconsin.