There is a 10 day grace period for payment of taxes. Any payments received after the 10th day of February, May, August and November are subject to interest at the rate of 8% per annum on the first $1,500.00 and 18% per annum for any amount over $1,500.00, reverting back to the statutory due date. A penalty of 6% will be charged on any delinquency in excess of $10,000.00 if not paid by the end of the fiscal year.
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