From and after the passage of this article,
there is imposed a penalty of 10% on any taxes remaining unpaid for
four months after the date of the tax notice, for any taxes under
the Local Tax Collection Law.
From and after the passage of this article,
there shall be imposed interest at the rate of 10% per annum, or 5/6
of 1% per month, on all claims for taxes, water rents or rates, lighting
rates, or sewer rates from the date of filing of the lien therefor,
and on all municipal claims from the day of the completion of the
work after it has been filed as a lien.
The Tax Collector shall add the penalty and
interest as herein provided to all claims, liens and taxes collected
by the Tax Collector, or its authorized representative, and the Tax
Collector shall collect the same.