Sec. 29.45.250. Rates of penalty and interest.

148 words·~1 min read·/ak/title-29/chapter-45/29-45-250

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A penalty not to exceed 20 percent of the tax due may be added to all delinquent taxes, and interest not to exceed 15 percent a year shall accrue upon all unpaid taxes, not including penalty, from the due date until paid in full. A municipality may impose a penalty not to exceed 20 percent of the tax due upon the late return of personal property assessment forms. A penalty under this section may be imposed according to a formula that increases the amount of the penalty as the length of time increases during which payment is delinquent or assessment forms are not returned.

(b)If a taxpayer is given the right to pay the tax in two installments, penalty and interest on an unpaid installment accrues from the date the installment becomes due.

Article 2. Enforcement of Tax Liens.