63-1001 — EFFECT OF DELINQUENCY -- INTEREST RATE


                                  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.