91.430 Taxes, when to be paid -- Discounts -- Interest and penalties.

187 words·~1 min read·/ky/chapter-91/91-430

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

(1)Tax bills shall be payable in January after the same are listed with the tax receiver

for collection, and shall become delinquent on May 1 of the year for which they are

made out.

(2)The taxes paid before May 1 in the year for which they are made out may be

reduced by discounts not to exceed three percent (3%) during such periods and in

such amounts as the legislative body of the city may provide by ordinance.

(3)All tax bills uncollected in whole or in part on May 1 next succeeding the day on

which they were listed with the tax receiver shall thereafter bear interest at the rate

of one-half of one percent (0.5%) for every month or fraction thereof from May 1

until paid or until the property of the delinquent has been sold for the tax.

(4)On July 1 next succeeding the day on which the tax bills were listed with the tax

receiver, a penalty of ten percent (10%) of the face of the bill shall be added to all

unpaid tax bills, in addition to the interest.