The Town Council shall, annually, before the
first day of July, fix the tax rates on all real and personal property
properly subject to taxation within and by the Town and shall assess
such taxes as may be required to provide for the needs and purposes
of the Town. In determining the valuation of property in the Town,
reference shall be had to the records of the Commissioner of Revenue
of the county.
As soon as practicable after taxes are assessed as provided in § 147-1, the Town Treasurer shall make or cause to be made for each taxpayer a tax ticket substantially in the form prescribed by the State Department of Taxation and shall send by mail to each taxpayer a bill for such taxes.
[Amended 4-16-1985 by Ord. No. 1985-2]
Except as otherwise provided, all taxes shall be due and payable as soon as the tax bills referred to in § 147-2 are sent. Any person failing to satisfy such tax bill on or before the 15th day of January following the mailing thereof shall incur a penalty of 10% of the total taxes due.
[Amended 4-16-1985 by Ord. No. 1985-2]
Interest at the rate of 10% per annum shall be collected upon the principal and penalty from January 30 of the year next after taxes were assessed under § 147-1.
