Interest

Any taxes remaining unpaid after the allowed grace period will be charged interest, back to the due date of that quarter. 

State law allows for interest to be charged at a rate of 8% on the first $1,500.00 of delinquency and 18% on any amount of delinquency over $1,500.00, until such time taxes are paid current. Payment is applied first to all delinquent interest and then to the oldest principal balance. A penalty of 6% will be charged on any delinquency in excess of $10,000.00 if not paid by the end of the calendar year.

Any municipal lien remaining unpaid on the eleventh day of each month of the current calendar year is subject to tax sale at any time thereafter (CH. 99, P.L. 1997).