[Ord. 1615, passed 3-5-1980]
(a)
For real estate taxes levied and assessed in 1980 and each year thereafter there shall be:
(1)
A discount of 2% from the amount of the tax due, upon the payment of the whole amount of tax due within two months from the date of the tax notice to the taxpayer; or
(2)
A penalty or surcharge of 10% to be added to the tax of a taxpayer who fails to make payment of the same four months after the date of the tax notice.
(b)
The allowance of the discount and the imposition of the penalty or surcharge established by this section shall not be applicable in the case of real estate tax installment payments when such payments are made in the manner authorized and permitted by law or regulation of the Municipality permitting such installment payments.