Interest shall be charged at the rate of 13%
per annum on the outstanding balance due on delinquent real estate,
tangible and excise taxes. Interest shall begin to accrue following
the due date (July 15). Interest accruing on delinquent real estate,
tangible and excise taxes shall be calculated as follows: Calculation
of interest accrued on real estate, tangible and excise taxes shall
commence following the original due date of the bill (July 15). Thereafter,
any delinquencies through, and no later than, the end of the month
following the due date of an annual or quarterly payment shall be
calculated from the due date of that specific quarter up to and including
the date of payment. For the current year only, interest will be charged
back to the beginning of the quarter's payment due date, providing
previous quarters have been paid at the rate of 13%. Overdue tax payments
beyond the current year would revert back to the beginning of the
tax year (July 15).