63-1001 — EFFECT OF DELINQUENCY -- INTEREST RATE
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TITLE 63
REVENUE AND TAXATION
CHAPTER 10
COLLECTION OF DELINQUENCY ON REAL, PERSONAL AND OPERATING PROPERTY
63-1001. EFFECT OF DELINQUENCY -- INTEREST RATE. To avoid delinquency,
total payment must be made in full to the county tax collector by the due
date. Any delinquency shall have the force and effect of a sale to the county
tax collector as grantee in trust for the county of the property described.
Any payment on a delinquency is, in effect, a partial redemption of the
property from tax sale. Interest on a delinquency will be charged at one
percent (1%) per month calculated from January 1 following the year the tax
lien attached, provided however, that the interest shall not be charged on
collection costs.