The ad valorem taxes levied by the city council each year shall become due on receipt of the tax bill and are delinquent if not paid before February 1 of the year following the year in which imposed.
(1)
A delinquent tax incurs a penalty of six percent of the amount of tax for the first calendar month it is delinquent plus one percent for each additional month or portion of a month the tax remains unpaid prior to July 1 of the year in which it becomes delinquent. A tax delinquent on July 1 incurs a total penalty of 12 percent of the amount of delinquent tax without regard to the number of months the tax has been delinquent.
(2)
A delinquent tax accrues interest at the rate of one percent for each month or portion of a month that the tax remains unpaid.
(3)
The provisions of Texas Tax Code section 33.07 are hereby adopted and all taxes that remain delinquent on July 1 of the year in which they become delinquent shall incur an additional penalty of 15 percent to defray costs of collection, which penalty shall be in lieu of recovery of attorney’s fees in a suit to collect delinquent taxes.
(1976 Code, sec. 29-1; 1998 Code, sec. 118-1; 2013 Code, sec. 52-1)