§ 22-16. Interest and delinquent penalties.

(a)

Except as provided in Section 31.04 of the Texas Property Tax Code, the ad valorem taxes levied by the city council each year shall become due on receipt of the tax bill and are delinquent if not paid before February 1 of the year following the year in which imposed.

(b)

A delinquent tax incurs a penalty of six (6) percent of the amount of the tax for the first calendar month it is delinquent plus one (1) percent for each additional month or portion thereof that the tax remains unpaid prior to July 1 of the year in which it becomes delinquent. However, a tax delinquent on July 1 incurs a total penalty of twelve (12) percent of the amount of the delinquent tax without regard to the number of months the tax has been delinquent.

(c)

No discount for advance payment of taxes shall be allowed. The split payment option provided by Section 31.03 of the Texas Property Tax Code shall not be allowed.

(d)

A delinquent tax accrues interest at a rate of one (1) percent for each month or a portion of a month that the tax remains unpaid.

(Code 1965, § 22-1)