DELINQUENT PROPERTY TAXES:

DELINQUENT INTEREST CHARGES:

Interest on delinquent taxes is charged from the due date at a rate of 8% per annum on the first $1,500.00 of the delinquency and 18% per annum on the amount in excess of $1,500.00. Interest at a rate of 18% will continue to be charged on subsequent delinquent tax payments until the account is brought current.

YEAR END PENALTY:

A penalty of 6% shall be charged on any delinquency in excess of $10,000.00 if not paid by December 31^st of the current year.

TAX SALE:

Properties delinquent on prior year taxes will be included in the annual tax sale. At the tax sale, the Village will auction a lien on the property which would include unpaid property taxes, special assessments, water utility charges and accrued interest to the date of sale.