HomeMy WebLinkAboutORD 11.10.1981 - Delinquent TaxesAN ORDINANCE ESTABLISHING PENALTY
AND INTEREST RATES ON DELINQUENT
TAXES FOR THE CiTY OF GEORGETOWN.
WHEREAS, the State of Texas has established penalty and interest charges
on delinquent taxes to be assessed by taxing entities within the State; and
WHEREAS, the City of Georgetown is required to institute penalty and
interest charges on delinquent taxes as established by the State of Texas;
Now therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN:
Section 1. Effective January 1, 1982, taxes which become delinquent
will accrue penalty and interest at the following rates:
Each month thereafter shall accrue at the rate of 1% per month without
additional penalty.
Section 2. Effective January 1, 1982, all delinquent taxes shall accrue
interest at the rate of 1% per month.
PASSED, APPROVED AND ADOPTED on first reading this JS day of
1981, and on second and final reading this le) day
of 1981.
C• L�L
Jc6n C. Doerfler
Mayor
ATTEST s
J MAt
CLoLfbert
City Secretary
APPROVED AS TO FORM:
Joe B. McMaster
City Attorney
Penalty
Interest
Total
February
6%
1%
7%
March
7%
2%
9%
April
8%
3%
11%
May
9%
4%
13%
June
10%
5%
15%
July
12%
6%
18%
Each month thereafter shall accrue at the rate of 1% per month without
additional penalty.
Section 2. Effective January 1, 1982, all delinquent taxes shall accrue
interest at the rate of 1% per month.
PASSED, APPROVED AND ADOPTED on first reading this JS day of
1981, and on second and final reading this le) day
of 1981.
C• L�L
Jc6n C. Doerfler
Mayor
ATTEST s
J MAt
CLoLfbert
City Secretary
APPROVED AS TO FORM:
Joe B. McMaster
City Attorney