Town of Smithsburg, MD Article III Interest and Penalty on Overdue Taxes

[Adopted 2-3-2004 as Ch. 9, Title 5, of the 2004 Code]

§ 343-3 Interest rate.

The interest rate on overdue Town real property and personal property taxes shall be at the rate specified in the Annotated Code of Maryland or 2/3 of 1% per month or any part of a month, whichever is greater.

§ 343-4 Penalty. [1]

The penalty on overdue Town real property and personal property taxes shall be at the rate of 2/3 of 1% per month or any part of a month.

[1] Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. II).