§ 3-1-18. Penalty for delinquent personal property taxes  


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  • (a) Pursuant to the authority of Wis. Stats. § 74.80(2), the City hereby imposes a penalty of one percent (1%) per month or fraction of a month, in addition to the interest prescribed by Wis. Stats. § 74.80(1), on all overdue or delinquent personal property taxes retained for collection by the City or eventually charged back to the City by the County for purposes of collection under Wis. Stats. § 74.31.

    (b) This penalty of one-half percent (0.5%) per month or fraction of a month shall apply to any personal property taxes which are overdue or delinquent.